RED ROOFS, FORWARD DRIVE, PENNINGTON, LYMINGTON, SO41 8GA - £682,500

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

RED ROOFS is a midsized detached house of 120m², built sometime between 1950 and 1966. It was last sold for £682,500 in February 2022, which was around 18% above the average February 2022 detached price in the New Forest local authority area. The most recent EPC inspection was September 2021, where the current energy rating was C, and the potential energy rating was B.

RED ROOFS Sold Prices

Land registry data shows two sales for RED ROOFS 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. One of the two RED ROOFS sales was for above the average price, whilst the other 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
2022 1 FEB	£682,500	£578,888	18% above HPI
2005 2 JUN	£260,000	£301,819	14% below HPI

RED ROOFS 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 RED ROOFS sales from June 2005 and February 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 June 2005 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the February 2022 sale, where it rises to 18% above the HPI. The line then continues to track at 18% above the HPI.

How Large is RED ROOFS?

RED ROOFS is 120m² according to the EPC inspection conducted in September 2021. This puts it in the smallest 50% of detached houses in Lymington, based on EPC data. The below chart shows the distribution of detached houses by size in Lymington, and where RED ROOFS lies on this distribution: 45% of detached houses are smaller than RED ROOFS, and 54% of houses are larger. Note that EPC data is not available for all properties in Lymington.

RED ROOFS: Plot and Title Map

RED ROOFS sits on a plot of roughly 0.126 of an acre, or 510m². The below map shows the location of RED ROOFS, 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 RED ROOFS). 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 RED ROOFS?

RED ROOFS is located on FORWARD DRIVE in PENNINGTON, in the SO41 postcode district. The below map shows the position of RED ROOFS on FORWARD DRIVE.