SPRING COTTAGE, LOWER BUCKLAND ROAD, LYMINGTON, SO41 9DS - £580,000

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.

SPRING COTTAGE is a very small detached house of 80m², built sometime between 2003 and 2006, which could now be worth an estimated £662,347. It was last sold for £580,000 in April 2018, which was around 14% above the average April 2018 detached price in the New Forest local authority area. The most recent EPC inspection was July 2009, where the current energy rating was C, and the potential energy rating was C.

SPRING COTTAGE Sold Prices

Land registry data shows four sales for SPRING COTTAGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the New Forest local authority area for the corresponding sale date. Most of the four SPRING COTTAGE sales were 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
2018 6 APR	£580,000	£510,036	14% above HPI
2013 25 OCT	£385,000	£374,781	3% above HPI
2006 5 MAY	£395,000	£322,965	22% above HPI
2000 5 SEP	£100,000	£198,260	50% below HPI

SPRING 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 four SPRING COTTAGE sales between September 2000 and April 2018 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 October 2013 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the April 2018 sale, where it rises to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might SPRING COTTAGE be worth now?

SPRING COTTAGE might now be worth an estimated £662,347.

This is based on house price inflation of 14.2%, between April 2018 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 14.2% inflationary increase is applied to the most recent sale price for SPRING COTTAGE of £580,000 on 6th April 2018. For the value to have increased from £580,000 to £662,347 over the seven years and two months to February 2025, the following assumptions must hold true:

• The value of SPRING COTTAGE has moved in line with the HPI for detached houses in the New Forest local authority area.
• The April 2018 sale price of £580,000 represented a fair market value for the property.
• The size, condition, and specification of SPRING COTTAGE has not materially changed since April 2018.

How Large is SPRING COTTAGE?

SPRING COTTAGE is 80m² according to the EPC inspection conducted in July 2009. This puts it in the smallest 20% of detached houses houses in Lymington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lymington, and where SPRING COTTAGE lies on this distribution: 11% of detached houses houses are smaller than SPRING COTTAGE, and 89% of houses are larger. Note that EPC data is not available for all properties in Lymington.

SPRING COTTAGE: Plot and Title Map

SPRING COTTAGE sits on a plot of roughly 0.096 of an acre, or 389m². The below map shows the location of SPRING 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 SPRING 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 SPRING COTTAGE?

SPRING COTTAGE is located on LOWER BUCKLAND ROAD in LYMINGTON, in the SO41 postcode district. The below map shows the position of SPRING COTTAGE on LOWER BUCKLAND ROAD.