MYRTLE COTTAGE, BACK LANE, SWAY, LYMINGTON, SO41 6BU - £730,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

MYRTLE COTTAGE is a large extended detached house of 147m², built sometime between 1950 and 1966, which could now be worth an estimated £899,470. It was last sold for £730,000 in December 2016, which was around 54% above the average December 2016 detached price in the New Forest local authority area. The most recent EPC inspection was August 2016, where the current energy rating was E, and the potential energy rating was B.

MYRTLE COTTAGE Sold Prices

Land registry data shows two sales for MYRTLE 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 MYRTLE 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
2016 19 DEC	£730,000	£472,710	54% above HPI
1997 26 AUG	£156,000	£129,277	21% above HPI

MYRTLE 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 MYRTLE COTTAGE sales from August 1997 and December 2016 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 1997 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the December 2016 sale, where it rises to 54% above the HPI. The line then continues to track at 54% above the HPI.

What might MYRTLE COTTAGE be worth now?

MYRTLE COTTAGE might now be worth an estimated £899,470.

This is based on house price inflation of 23.2%, between December 2016 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 23.2% inflationary increase is applied to the most recent sale price for MYRTLE COTTAGE of £730,000 on 19th December 2016. For the value to have increased from £730,000 to £899,470 over the nine years and ten months to February 2025, the following assumptions must hold true:

• The value of MYRTLE COTTAGE has moved in line with the HPI for detached houses in the New Forest local authority area.
• The December 2016 sale price of £730,000 represented a fair market value for the property.
• The size, condition, and specification of MYRTLE COTTAGE has not materially changed since December 2016.

How Large is MYRTLE COTTAGE?

MYRTLE COTTAGE is 147m², which includes one extension, according to the EPC inspection conducted in August 2016. This puts it in the largest 40% of detached houses houses in Sway, based on EPC data. The below chart shows the distribution of detached houses houses by size in Sway, and where MYRTLE COTTAGE lies on this distribution: 68% of detached houses houses are smaller than MYRTLE COTTAGE, and 31% of houses are larger. Note that EPC data is not available for all properties in Sway.

MYRTLE COTTAGE: Plot and Title Map

MYRTLE COTTAGE sits on a plot of roughly 0.188 of an acre, or 760m². The below map shows the location of MYRTLE 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 MYRTLE 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 MYRTLE COTTAGE?

MYRTLE COTTAGE is located on BACK LANE in SWAY, in the SO41 postcode district. The below map shows the position of MYRTLE COTTAGE on BACK LANE.