MAGNOLIA HOUSE, PIKES HILL AVENUE, LYNDHURST, SO43 7AX - £1,550,000

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.

MAGNOLIA HOUSE is a very large extended detached house of 289m², built sometime between 1900 and 1929, which could now be worth an estimated £1,587,239. It was last sold for £1,550,000 in October 2021, which was around 173% above the average October 2021 detached price in the New Forest local authority area. The most recent EPC inspection was February 2021, where the current energy rating was D, and the potential energy rating was C.

MAGNOLIA HOUSE Sold Prices

Land registry data shows two sales for MAGNOLIA HOUSE 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 MAGNOLIA HOUSE 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 13 OCT	£1,550,000	£568,785	173% above HPI
2006 28 JUL	£825,000	£330,662	149% above HPI

MAGNOLIA HOUSE 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 MAGNOLIA HOUSE sales from July 2006 and October 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 July 2006 sale was for 149% above the HPI. So the extrapolation line tracks at 149% above the HPI over time, until the October 2021 sale, where it rises to 173% above the HPI. The line then continues to track at 173% above the HPI.

What might MAGNOLIA HOUSE be worth now?

MAGNOLIA HOUSE might now be worth an estimated £1,587,239.

This is based on house price inflation of 2.4%, between October 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 2.4% inflationary increase is applied to the most recent sale price for MAGNOLIA HOUSE of £1,550,000 on 13th October 2021. For the value to have increased from £1,550,000 to £1,587,239 over the four years and eight months to February 2025, the following assumptions must hold true:

• The value of MAGNOLIA HOUSE has moved in line with the HPI for detached houses in the New Forest local authority area.
• The October 2021 sale price of £1,550,000 represented a fair market value for the property.
• The size, condition, and specification of MAGNOLIA HOUSE has not materially changed since October 2021.

How Large is MAGNOLIA HOUSE?

MAGNOLIA HOUSE is 289m², which includes two extensions, according to the EPC inspection conducted in February 2021. This puts it in the largest 10% of detached houses houses in Lyndhurst, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lyndhurst, and where MAGNOLIA HOUSE lies on this distribution: 94% of detached houses houses are smaller than MAGNOLIA HOUSE, and 6% of houses are larger. Note that EPC data is not available for all properties in Lyndhurst.

MAGNOLIA HOUSE: Plot and Title Map

MAGNOLIA HOUSE sits on a plot of roughly 0.713 of an acre, or 2,884m². The below map shows the location of MAGNOLIA HOUSE, 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 MAGNOLIA HOUSE). 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 MAGNOLIA HOUSE?

MAGNOLIA HOUSE is located on PIKES HILL AVENUE in LYNDHURST, in the SO43 postcode district. The below map shows the position of MAGNOLIA HOUSE on PIKES HILL AVENUE.