NEW LODGE, WALKFORD LANE, NEW MILTON, BH25 5NL - £590,500

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.

NEW LODGE is a midsized extended detached house of 111m², built sometime between 1900 and 1929, which could now be worth an estimated £552,603. It was last sold for £590,500 in July 2022, which was around 5% below the average July 2022 detached price in the New Forest local authority area. The most recent EPC inspection was September 2014, where the current energy rating was E, and the potential energy rating was D.

NEW LODGE Sold Prices

Land registry data shows four sales for NEW LODGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the New Forest local authority area for the corresponding sale date. All of the four NEW LODGE sales were for below 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
2022 26 JUL	£590,500	£622,394	5% below HPI
2016 4 MAR	£372,500	£461,899	19% below HPI
2005 10 JUN	£297,500	£318,794	7% below HPI
2002 31 JAN	£197,500	£220,463	10% below HPI

NEW LODGE 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 four NEW LODGE sales between January 2002 and July 2022 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 March 2016 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the July 2022 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might NEW LODGE be worth now?

NEW LODGE might now be worth an estimated £552,603.

This is based on house price deflation of 6.4%, between July 2022 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 6.4% deflationary decrease is applied to the most recent sale price for NEW LODGE of £590,500 on 26th July 2022. For the value to have decreased from £590,500 to £552,603 over the three years and five months to February 2025, the following assumptions must hold true:

• The value of NEW LODGE has moved in line with the HPI for detached houses in the New Forest local authority area.
• The July 2022 sale price of £590,500 represented a fair market value for the property.
• The size, condition, and specification of NEW LODGE has not materially changed since July 2022.

How Large is NEW LODGE?

NEW LODGE is 111m², which includes two extensions, according to the EPC inspection conducted in September 2014. This puts it in the largest 50% of detached houses houses in New Milton, based on EPC data. The below chart shows the distribution of detached houses houses by size in New Milton, and where NEW LODGE lies on this distribution: 52% of detached houses houses are smaller than NEW LODGE, and 48% of houses are larger. Note that EPC data is not available for all properties in New Milton.

NEW LODGE: Plot and Title Map

NEW LODGE sits on a plot of roughly 0.079 of an acre, or 321m². The below map shows the location of NEW LODGE, 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 NEW LODGE). 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 NEW LODGE?

NEW LODGE is located on WALKFORD LANE in NEW MILTON, in the BH25 postcode district. The below map shows the position of NEW LODGE on WALKFORD LANE.