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

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.

MAGNOLIAS is a very small detached house of 91m², built sometime between 1967 and 1975, which could now be worth an estimated £699,759. It was last sold for £615,000 in August 2020, which was around 20% 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	£511,900	20% above HPI
2007 30 NOV	£400,000	£378,910	6% 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 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the August 2020 sale, where it rises to 20% above the HPI. The line then continues to track at 20% above the HPI.

What might MAGNOLIAS be worth now?

MAGNOLIAS might now be worth an estimated £699,759.

This is based on house price inflation of 13.8%, between August 2020 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 13.8% inflationary increase is applied to the most recent sale price for MAGNOLIAS of £615,000 on 26th August 2020. For the value to have increased from £615,000 to £699,759 over the five years and six months to February 2025, the following assumptions must hold true:

• The value of MAGNOLIAS has moved in line with the HPI for detached houses in the New Forest local authority area.
• The August 2020 sale price of £615,000 represented a fair market value for the property.
• The size, condition, and specification of MAGNOLIAS has not materially changed since August 2020.

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 houses in Lyndhurst, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lyndhurst, and where MAGNOLIAS lies on this distribution: 16% of detached houses houses are smaller than MAGNOLIAS, and 84% 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.