FAIROAKS, 2A, GRAFTON GARDENS, PENNINGTON, LYMINGTON, SO41 8AS - £465,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

FAIROAKS is a large detached house of 162m², built sometime between 1991 and 1995. It was last sold for £465,000 in December 2013, which was around 30% above the average December 2013 detached price in the New Forest local authority area. The most recent EPC inspection was January 2013, where the current energy rating was C, and the potential energy rating was B.

FAIROAKS Sold Prices

Land registry data shows two sales for FAIROAKS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the New Forest local authority area for the corresponding sale date. Both of the two FAIROAKS sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2013 6 DEC	£465,000	£357,767	30% above HPI
1997 27 AUG	£202,000	£122,394	65% above HPI

FAIROAKS Price Paid vs. HPI Average

The below graph shows the average detached house price in the New Forest local authority area over time, sourced from the HPI. The two FAIROAKS sales from August 1997 and December 2013 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the August 1997 sale was for 65% above the HPI. So the extrapolation line tracks at 65% above the HPI over time, until the December 2013 sale, where it falls to 30% above the HPI. The line then continues to track at 30% above the HPI.

How Large is FAIROAKS?

FAIROAKS is 162m² according to the EPC inspection conducted in January 2013. This puts it in the largest 30% of detached houses in Lymington, based on EPC data. The below chart shows the distribution of detached houses by size in Lymington, and where FAIROAKS lies on this distribution: 77% of detached houses are smaller than FAIROAKS, and 23% of houses are larger. Note that EPC data is not available for all properties in Lymington.

FAIROAKS: Plot and Title Map

FAIROAKS sits on a plot of roughly 0.160 of an acre, or 648m². The below map shows the location of FAIROAKS, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of FAIROAKS). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is FAIROAKS?

FAIROAKS is located on GRAFTON GARDENS in PENNINGTON, in the SO41 postcode district. The below map shows the position of FAIROAKS on GRAFTON GARDENS.