FAIRWOOD, POUND LANE, BURLEY, RINGWOOD, BH24 4EE - £782,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

FAIRWOOD is a large extended detached house of 236m², built sometime between 1950 and 1966, which could now be worth an estimated £1,403,677. It was last sold for £782,000 in March 2006, which was around 141% above the average March 2006 detached price in the New Forest local authority area. The most recent EPC inspection was January 2015, where the current energy rating was D, and the potential energy rating was B.

FAIRWOOD Sold Prices

Land registry data shows three sales for FAIRWOOD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the New Forest local authority area for the corresponding sale date. All of the three FAIRWOOD 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
2006 28 MAR	£782,000	£324,838	141% above HPI
2002 17 DEC	£760,000	£273,729	178% above HPI
1998 4 SEP	£400,000	£144,703	176% above HPI

FAIRWOOD 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 three FAIRWOOD sales between September 1998 and March 2006 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 December 2002 sale was for 178% above the HPI. So the extrapolation line tracks at 178% above the HPI over time, until the March 2006 sale, where it falls to 141% above the HPI. The line then continues to track at 141% above the HPI.

What might FAIRWOOD be worth now?

FAIRWOOD might now be worth an estimated £1,403,677.

This is based on house price inflation of 79.5%, between March 2006 and March 2025, for detached houses, in the New Forest local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 79.5% inflationary increase is applied to the most recent sale price for FAIRWOOD of £782,000 on 28th March 2006. For the value to have increased from £782,000 to £1,403,677 over the nineteen years to March 2025, the following assumptions must hold true:

• The value of FAIRWOOD has moved in line with the HPI for detached houses in the New Forest local authority area.
• The March 2006 sale price of £782,000 represented a fair market value for the property.
• The size, condition, and specification of FAIRWOOD has not materially changed since March 2006.

How Large is FAIRWOOD?

FAIRWOOD is 236m², which includes two extensions, according to the EPC inspection conducted in January 2015. This puts it in the largest 30% of detached houses houses in Burley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Burley, and where FAIRWOOD lies on this distribution: 79% of detached houses houses are smaller than FAIRWOOD, and 21% of houses are larger. Note that EPC data is not available for all properties in Burley.

FAIRWOOD: Plot and Title Map

FAIRWOOD sits on a plot of roughly 0.910 of an acre, or 3,683m². The below map shows the location of FAIRWOOD, 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 FAIRWOOD). 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 FAIRWOOD?

FAIRWOOD is located on POUND LANE in BURLEY, in the BH24 postcode district. The below map shows the position of FAIRWOOD on POUND LANE.