FERRERS, MAY LANE, PILLEY, LYMINGTON, SO41 5QR - £875,000

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.

FERRERS is a large extended detached house of 179m², built sometime between 1967 and 1975, which could now be worth an estimated £944,141. It was last sold for £875,000 in January 2021, which was around 62% above the average January 2021 detached price in the New Forest local authority area. The most recent EPC inspection was August 2020, where the current energy rating was C, and the potential energy rating was B.

FERRERS Sold Prices

Land registry data shows two sales for FERRERS 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 FERRERS 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
2021 18 JAN	£875,000	£539,796	62% above HPI
2011 24 AUG	£490,000	£374,391	31% above HPI

FERRERS 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 FERRERS sales from August 2011 and January 2021 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 2011 sale was for 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the January 2021 sale, where it rises to 62% above the HPI. The line then continues to track at 62% above the HPI.

What might FERRERS be worth now?

FERRERS might now be worth an estimated £944,141.

This is based on house price inflation of 7.9%, between January 2021 and February 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 7.9% inflationary increase is applied to the most recent sale price for FERRERS of £875,000 on 18th January 2021. For the value to have increased from £875,000 to £944,141 over the three years and eleven months to February 2025, the following assumptions must hold true:

• The value of FERRERS has moved in line with the HPI for detached houses in the New Forest local authority area.
• The January 2021 sale price of £875,000 represented a fair market value for the property.
• The size, condition, and specification of FERRERS has not materially changed since January 2021.

How Large is FERRERS?

FERRERS is 179m², which includes one extension, according to the EPC inspection conducted in August 2020. This puts it in the largest 30% of detached houses houses in Pilley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Pilley, and where FERRERS lies on this distribution: 76% of detached houses houses are smaller than FERRERS, and 24% of houses are larger. Note that EPC data is not available for all properties in Pilley.

FERRERS: Plot and Title Map

FERRERS sits on a plot of roughly 0.261 of an acre, or 1,058m². The below map shows the location of FERRERS, 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 FERRERS). 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 FERRERS?

FERRERS is located on MAY LANE in PILLEY, in the SO41 postcode district. The below map shows the position of FERRERS on MAY LANE.