OLIVE COTTAGE, PARK LANE, MARCHWOOD, SOUTHAMPTON, SO40 4WL - £290,000

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.

OLIVE COTTAGE is a very small extended detached house of 67m², built sometime between 1900 and 1929, which could now be worth an estimated £332,980. It was last sold for £290,000 in February 2019, which was around 43% below the average February 2019 detached price in the New Forest local authority area. The most recent EPC inspection was October 2016, where the current energy rating was E, and the potential energy rating was B.

OLIVE COTTAGE Sold Prices

Land registry data shows two sales for OLIVE COTTAGE 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 OLIVE COTTAGE 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
2019 15 FEB	£290,000	£507,269	43% below HPI
2017 8 AUG	£279,950	£501,445	44% below HPI

OLIVE 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 two OLIVE COTTAGE sales from August 2017 and February 2019 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 August 2017 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the February 2019 sale, where it rises to 43% below the HPI. The line then continues to track at 43% below the HPI.

What might OLIVE COTTAGE be worth now?

OLIVE COTTAGE might now be worth an estimated £332,980.

This is based on house price inflation of 14.8%, between February 2019 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 14.8% inflationary increase is applied to the most recent sale price for OLIVE COTTAGE of £290,000 on 15th February 2019. For the value to have increased from £290,000 to £332,980 over the six years to February 2025, the following assumptions must hold true:

• The value of OLIVE COTTAGE has moved in line with the HPI for detached houses in the New Forest local authority area.
• The February 2019 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of OLIVE COTTAGE has not materially changed since February 2019.

How Large is OLIVE COTTAGE?

OLIVE COTTAGE is 67m², which includes one extension, according to the EPC inspection conducted in October 2016. This puts it in the smallest 10% of detached houses houses in Marchwood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Marchwood, and where OLIVE COTTAGE lies on this distribution: 2% of detached houses houses are smaller than OLIVE COTTAGE, and 98% of houses are larger. Note that EPC data is not available for all properties in Marchwood.

OLIVE COTTAGE: Plot and Title Map

OLIVE COTTAGE sits on a plot of roughly 0.076 of an acre, or 309m². The below map shows the location of OLIVE 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 OLIVE 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 OLIVE COTTAGE?

OLIVE COTTAGE is located on PARK LANE in MARCHWOOD, in the SO40 postcode district. The below map shows the position of OLIVE COTTAGE on PARK LANE.