OAK COTTAGE, MAY LANE, PILLEY, LYMINGTON, SO41 5QR - £695,000

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.

OAK COTTAGE is a small extended detached house of 123m², built sometime before 1900, which could now be worth an estimated £1,108,597. It was last sold for £695,000 in May 2013, which was around 90% above the average May 2013 detached price in the New Forest local authority area. The most recent EPC inspection was May 2012, where the current energy rating was C, and the potential energy rating was B.

OAK COTTAGE Sold Prices

Land registry data shows three sales for OAK COTTAGE 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. Two of the three OAK COTTAGE sales were for above the average price, whilst one was 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
2013 22 MAY	£695,000	£365,543	90% above HPI
2008 18 JUL	£560,000	£358,696	56% above HPI
2000 15 SEP	£181,000	£198,260	9% below HPI

OAK 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 three OAK COTTAGE sales between September 2000 and May 2013 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 July 2008 sale was for 56% above the HPI. So the extrapolation line tracks at 56% above the HPI over time, until the May 2013 sale, where it rises to 90% above the HPI. The line then continues to track at 90% above the HPI.

What might OAK COTTAGE be worth now?

OAK COTTAGE might now be worth an estimated £1,108,597.

This is based on house price inflation of 59.5%, between May 2013 and March 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 59.5% inflationary increase is applied to the most recent sale price for OAK COTTAGE of £695,000 on 22nd May 2013. For the value to have increased from £695,000 to £1,108,597 over the twelve years and two months to March 2025, the following assumptions must hold true:

• The value of OAK COTTAGE has moved in line with the HPI for detached houses in the New Forest local authority area.
• The May 2013 sale price of £695,000 represented a fair market value for the property.
• The size, condition, and specification of OAK COTTAGE has not materially changed since May 2013.

How Large is OAK COTTAGE?

OAK COTTAGE is 123m², which includes two extensions, according to the EPC inspection conducted in May 2012. This puts it in the smallest 30% of detached houses houses in Pilley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Pilley, and where OAK COTTAGE lies on this distribution: 24% of detached houses houses are smaller than OAK COTTAGE, and 74% of houses are larger. Note that EPC data is not available for all properties in Pilley.

OAK COTTAGE: Plot and Title Map

OAK COTTAGE sits on a plot of roughly 0.095 of an acre, or 384m². The below map shows the location of OAK 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 OAK 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 OAK COTTAGE?

OAK COTTAGE is located on MAY LANE in PILLEY, in the SO41 postcode district. The below map shows the position of OAK COTTAGE on MAY LANE.