NEEDLEFURZE, LOWER PENNINGTON LANE, PENNINGTON, LYMINGTON, SO41 8AN - £835,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

NEEDLEFURZE is a very large extended detached house of 197m², built sometime between 1930 and 1949. It was last sold for £835,000 in July 2014, which was around 122% above the average July 2014 detached price in the New Forest local authority area. The most recent EPC inspection was July 2013, where the current energy rating was D, and the potential energy rating was C.

NEEDLEFURZE Sold Prices

Land registry data shows three sales for NEEDLEFURZE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the New Forest local authority area for the corresponding sale date. All of the three NEEDLEFURZE 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
2014 4 JUL	£835,000	£376,292	122% above HPI
2000 29 FEB	£320,000	£166,249	92% above HPI
1997 8 AUG	£205,000	£122,394	67% above HPI

NEEDLEFURZE 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 three NEEDLEFURZE sales between August 1997 and July 2014 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 February 2000 sale was for 92% above the HPI. So the extrapolation line tracks at 92% above the HPI over time, until the July 2014 sale, where it rises to 122% above the HPI. The line then continues to track at 122% above the HPI.

How Large is NEEDLEFURZE?

NEEDLEFURZE is 197m², which includes three extensions, according to the EPC inspection conducted in July 2013. This puts it in the largest 20% of detached houses in Lymington, based on EPC data. The below chart shows the distribution of detached houses by size in Lymington, and where NEEDLEFURZE lies on this distribution: 89% of detached houses are smaller than NEEDLEFURZE, and 11% of houses are larger. Note that EPC data is not available for all properties in Lymington.

NEEDLEFURZE: Plot and Title Map

NEEDLEFURZE sits on a plot of roughly 0.216 of an acre, or 874m². The below map shows the location of NEEDLEFURZE, 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 NEEDLEFURZE). 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 NEEDLEFURZE?

NEEDLEFURZE is located on LOWER PENNINGTON LANE in PENNINGTON, in the SO41 postcode district. The below map shows the position of NEEDLEFURZE on LOWER PENNINGTON LANE.