SORRELACRE, TAVELLS LANE, MARCHWOOD, SOUTHAMPTON, SO40 4WH - £450,000

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

SORRELACRE is a small extended detached house of 100m², built sometime between 1983 and 1990. It was last sold for £450,000 in September 2022, which was around 25% below the average September 2022 detached price in the New Forest local authority area. The most recent EPC inspection was June 2022, where the current energy rating was C, and the potential energy rating was B.

SORRELACRE Sold Prices

Land registry data shows two sales for SORRELACRE 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 SORRELACRE 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
2022 30 SEP	£450,000	£599,156	25% below HPI
1995 1 MAR	£30,000	£101,453	70% below HPI

SORRELACRE 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 SORRELACRE sales from March 1995 and September 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 March 1995 sale was for 70% below the HPI. So the extrapolation line tracks at 70% below the HPI over time, until the September 2022 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is SORRELACRE?

SORRELACRE is 100m², which includes one extension, according to the EPC inspection conducted in June 2022. This puts it in the smallest 40% of detached houses in Marchwood, based on EPC data. The below chart shows the distribution of detached houses by size in Marchwood, and where SORRELACRE lies on this distribution: 39% of detached houses are smaller than SORRELACRE, and 60% of houses are larger. Note that EPC data is not available for all properties in Marchwood.

SORRELACRE: Plot and Title Map

SORRELACRE sits on a plot of roughly 0.108 of an acre, or 436m². The below map shows the location of SORRELACRE, 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 SORRELACRE). 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 SORRELACRE?

SORRELACRE is located on TAVELLS LANE in MARCHWOOD, in the SO40 postcode district. The below map shows the position of SORRELACRE on TAVELLS LANE.