SERENDIPITY, FERNHILL LANE, NEW MILTON, BH25 5SX - £600,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

SERENDIPITY is a large detached house of 143m². It was last sold for £600,000 in November 2022, which was around 1% above the average November 2022 detached price in the New Forest local authority area. The most recent EPC inspection was October 2019, where the current energy rating was B, and the potential energy rating was A.

SERENDIPITY Sold Prices

Land registry data shows three sales for SERENDIPITY 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 SERENDIPITY 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
2022 15 NOV	£600,000	£594,769	1% above HPI
2020 11 AUG	£530,000	£484,642	9% above HPI
2017 15 MAY	£215,000	£456,927	53% below HPI

SERENDIPITY 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 SERENDIPITY sales between May 2017 and November 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 August 2020 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the November 2022 sale, where it falls to 1% above the HPI. The line then continues to track at 1% above the HPI.

How Large is SERENDIPITY?

SERENDIPITY is 143m² according to the EPC inspection conducted in October 2019. This puts it in the largest 20% of detached houses in New Milton, based on EPC data. The below chart shows the distribution of detached houses by size in New Milton, and where SERENDIPITY lies on this distribution: 80% of detached houses are smaller than SERENDIPITY, and 20% of houses are larger. Note that EPC data is not available for all properties in New Milton.

SERENDIPITY: Plot and Title Map

SERENDIPITY sits on a plot of roughly 0.193 of an acre, or 782m². The below map shows the location of SERENDIPITY, 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 SERENDIPITY). 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 SERENDIPITY?

SERENDIPITY is located on FERNHILL LANE in NEW MILTON, in the BH25 postcode district. The below map shows the position of SERENDIPITY on FERNHILL LANE.