OAKWOOD, CHAPEL LANE, FAWLEY, SOUTHAMPTON, SO45 1EB - £530,000

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.

OAKWOOD is a large extended detached house of 128m², built sometime between 1976 and 1982, which could now be worth an estimated £575,539. It was last sold for £530,000 in December 2020, which was around 1% below the average December 2020 detached price in the New Forest local authority area. The most recent EPC inspection was August 2020, where the current energy rating was D, and the potential energy rating was B.

OAKWOOD Sold Prices

Land registry data shows two sales for OAKWOOD 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 OAKWOOD 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
2020 8 DEC	£530,000	£536,364	1% below HPI
2004 5 NOV	£175,000	£323,248	46% below HPI

OAKWOOD 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 OAKWOOD sales from November 2004 and December 2020 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 November 2004 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the December 2020 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might OAKWOOD be worth now?

OAKWOOD might now be worth an estimated £575,539.

This is based on house price inflation of 8.6%, between December 2020 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 8.6% inflationary increase is applied to the most recent sale price for OAKWOOD of £530,000 on 8th December 2020. For the value to have increased from £530,000 to £575,539 over the five years and ten months to February 2025, the following assumptions must hold true:

• The value of OAKWOOD has moved in line with the HPI for detached houses in the New Forest local authority area.
• The December 2020 sale price of £530,000 represented a fair market value for the property.
• The size, condition, and specification of OAKWOOD has not materially changed since December 2020.

How Large is OAKWOOD?

OAKWOOD is 128m², which includes three extensions, according to the EPC inspection conducted in August 2020. This puts it in the largest 30% of detached houses houses in Blackfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Blackfield, and where OAKWOOD lies on this distribution: 75% of detached houses houses are smaller than OAKWOOD, and 25% of houses are larger. Note that EPC data is not available for all properties in Blackfield.

OAKWOOD: Plot and Title Map

OAKWOOD sits on a plot of roughly 0.171 of an acre, or 693m². The below map shows the location of OAKWOOD, 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 OAKWOOD). 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 OAKWOOD?

OAKWOOD is located on CHAPEL LANE in FAWLEY, in the SO45 postcode district. The below map shows the position of OAKWOOD on CHAPEL LANE.