SHANGRILA, HAZEL GROVE, ASHURST, SOUTHAMPTON, SO40 7AJ - £550,000

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

SHANGRILA is a very small extended detached house of 105m², built sometime between 1930 and 1949. It was last sold for £550,000 in November 2023, which was around 3% below the average November 2023 detached price in the New Forest local authority area. The most recent EPC inspection was April 2015, where the current energy rating was C, and the potential energy rating was A.

SHANGRILA Sold Prices

Land registry data shows three sales for SHANGRILA 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 SHANGRILA sales were for below the average price, whilst one was for above 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
2023 3 NOV	£550,000	£568,660	3% below HPI
2015 14 MAY	£492,500	£392,169	26% above HPI
2014 17 JAN	£325,000	£360,106	10% below HPI

SHANGRILA 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 SHANGRILA sales between January 2014 and November 2023 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 May 2015 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the November 2023 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is SHANGRILA?

SHANGRILA is 105m², which includes one extension, according to the EPC inspection conducted in April 2015. This puts it in the smallest 20% of detached houses in Woodlands, based on EPC data. The below chart shows the distribution of detached houses by size in Woodlands, and where SHANGRILA lies on this distribution: 11% of detached houses are smaller than SHANGRILA, and 87% of houses are larger. Note that EPC data is not available for all properties in Woodlands.

SHANGRILA: Plot and Title Map

SHANGRILA sits on a plot of roughly 0.115 of an acre, or 465m². The below map shows the location of SHANGRILA, 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 SHANGRILA). 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 SHANGRILA?

SHANGRILA is located on HAZEL GROVE in ASHURST, in the SO40 postcode district. The below map shows the position of SHANGRILA on HAZEL GROVE.