THE HOVE, OLD LYNDHURST ROAD, CADNAM, SOUTHAMPTON, SO40 2NL - £880,000

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

THE HOVE is a large detached house of 153m², built sometime between 2003 and 2006. It was last sold for £880,000 in August 2022, which was around 48% above the average August 2022 detached price in the New Forest local authority area. The most recent EPC inspection was April 2022, where the current energy rating was C, and the potential energy rating was B.

THE HOVE Sold Prices

Land registry data shows two sales for THE HOVE 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. One of the two THE HOVE sales was for above the average price, whilst the other 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 26 AUG	£880,000	£594,103	48% above HPI
2004 5 NOV	£208,000	£306,036	32% below HPI

THE HOVE 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 THE HOVE sales from November 2004 and August 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 November 2004 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the August 2022 sale, where it rises to 48% above the HPI. The line then continues to track at 48% above the HPI.

How Large is THE HOVE?

THE HOVE is 153m² according to the EPC inspection conducted in April 2022. This puts it in the largest 30% of detached houses in Cadnam, based on EPC data. The below chart shows the distribution of detached houses by size in Cadnam, and where THE HOVE lies on this distribution: 80% of detached houses are smaller than THE HOVE, and 20% of houses are larger. Note that EPC data is not available for all properties in Cadnam.

THE HOVE: Plot and Title Map

THE HOVE sits on a plot of roughly 0.136 of an acre, or 549m². The below map shows the location of THE HOVE, 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 THE HOVE). 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 THE HOVE?

THE HOVE is located on OLD LYNDHURST ROAD in CADNAM, in the SO40 postcode district. The below map shows the position of THE HOVE on OLD LYNDHURST ROAD.