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

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

OAK COTTAGE is a small extended detached house of 123m², built sometime before 1900. It was last sold for £695,000 in May 2013, which was around 101% 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	£346,079	101% above HPI
2008 18 JUL	£560,000	£339,596	65% above HPI
2000 15 SEP	£181,000	£187,703	4% 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 65% above the HPI. So the extrapolation line tracks at 65% above the HPI over time, until the May 2013 sale, where it rises to 101% above the HPI. The line then continues to track at 101% above the HPI.

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 in Pilley, based on EPC data. The below chart shows the distribution of detached houses by size in Pilley, and where OAK COTTAGE lies on this distribution: 24% of detached houses are smaller than OAK COTTAGE, and 73% 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.