LESTER COTTAGE, MILL LANE, BURLEY, RINGWOOD, BH24 4HR - £1,500,000

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

LESTER COTTAGE is a small detached house of 127m², built in 2021. It was last sold for £1,500,000 in November 2021, which was around 173% above the average November 2021 detached price in the New Forest local authority area. The most recent EPC inspection was November 2021, where the current energy rating was B, and the potential energy rating was A.

LESTER COTTAGE Sold Prices

Land registry data shows two sales for LESTER COTTAGE 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 LESTER COTTAGE 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 30 NOV	£1,500,000	£548,651	173% above HPI
2016 13 APR	£550,000	£439,127	25% above HPI

LESTER COTTAGE 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 LESTER COTTAGE sales from April 2016 and November 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 April 2016 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the November 2021 sale, where it rises to 173% above the HPI. The line then continues to track at 173% above the HPI.

How Large is LESTER COTTAGE?

LESTER COTTAGE is 127m² according to the EPC inspection conducted in November 2021. This puts it in the smallest 40% of detached houses in Burley, based on EPC data. The below chart shows the distribution of detached houses by size in Burley, and where LESTER COTTAGE lies on this distribution: 34% of detached houses are smaller than LESTER COTTAGE, and 66% of houses are larger. Note that EPC data is not available for all properties in Burley.

LESTER COTTAGE: Plot and Title Map

LESTER COTTAGE sits on a plot of roughly 0.319 of an acre, or 1,291m². The below map shows the location of LESTER COTTAGE, 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 LESTER COTTAGE). 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 LESTER COTTAGE?

LESTER COTTAGE is located on MILL LANE in BURLEY, in the BH24 postcode district. The below map shows the position of LESTER COTTAGE on MILL LANE.