MAGNOLIAS, ELCOMBES CLOSE, LYNDHURST, SO43 7DS - £615,000

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

MAGNOLIAS is a very small detached house of 91m², built sometime between 1967 and 1975. It was last sold for £615,000 in August 2020, which was around 27% above the average August 2020 detached price in the New Forest local authority area. The most recent EPC inspection was December 2019, where the current energy rating was D, and the potential energy rating was C.

MAGNOLIAS Sold Prices

Land registry data shows two sales for MAGNOLIAS 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 MAGNOLIAS 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
2020 26 AUG	£615,000	£484,642	27% above HPI
2007 30 NOV	£400,000	£358,734	12% above HPI

MAGNOLIAS 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 MAGNOLIAS sales from November 2007 and August 2020 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 November 2007 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the August 2020 sale, where it rises to 27% above the HPI. The line then continues to track at 27% above the HPI.

How Large is MAGNOLIAS?

MAGNOLIAS is 91m² according to the EPC inspection conducted in December 2019. This puts it in the smallest 20% of detached houses in Lyndhurst, based on EPC data. The below chart shows the distribution of detached houses by size in Lyndhurst, and where MAGNOLIAS lies on this distribution: 15% of detached houses are smaller than MAGNOLIAS, and 85% of houses are larger. Note that EPC data is not available for all properties in Lyndhurst.

MAGNOLIAS: Plot and Title Map

MAGNOLIAS sits on a plot of roughly 0.269 of an acre, or 1,089m². The below map shows the location of MAGNOLIAS, 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 MAGNOLIAS). 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 MAGNOLIAS?

MAGNOLIAS is located on ELCOMBES CLOSE in LYNDHURST, in the SO43 postcode district. The below map shows the position of MAGNOLIAS on ELCOMBES CLOSE.