SPRING LODGE, SPRING LANE, NEW MILTON, BH25 5QB - £425,000

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

SPRING LODGE is a large detached house of 127m², built sometime from 2007 onwards. It was last sold for £425,000 in October 2016, which was around 4% below the average October 2016 detached price in the New Forest local authority area. The most recent EPC inspection was April 2009, where the current energy rating was C, and the potential energy rating was C.

SPRING LODGE Sold Prices

Land registry data shows three sales for SPRING LODGE 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 SPRING LODGE 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
2016 28 OCT	£425,000	£442,382	4% below HPI
2016 31 MAY	£340,000	£435,493	22% below HPI
2009 8 MAY	£330,000	£297,517	11% above HPI

SPRING LODGE 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 SPRING LODGE sales between May 2009 and October 2016 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 2016 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the October 2016 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

How Large is SPRING LODGE?

SPRING LODGE is 127m² according to the EPC inspection conducted in April 2009. This puts it in the largest 30% of detached houses in Ashley, based on EPC data. The below chart shows the distribution of detached houses by size in Ashley, and where SPRING LODGE lies on this distribution: 73% of detached houses are smaller than SPRING LODGE, and 27% of houses are larger. Note that EPC data is not available for all properties in Ashley.

SPRING LODGE: Plot and Title Map

SPRING LODGE sits on a plot of roughly 0.132 of an acre, or 535m². The below map shows the location of SPRING LODGE, 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 LODGE). 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 LODGE?

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