THE LODGE, MILL LANE, BURLEY, RINGWOOD, BH24 4HP - £1,100,000

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 LODGE is a small extended detached house of 105m², built sometime between 1900 and 1929. It was last sold for £1,100,000 in June 2021, which was around 113% above the average June 2021 detached price in the New Forest local authority area. The most recent EPC inspection was May 2014, where the current energy rating was D, and the potential energy rating was C.

THE LODGE Sold Prices

Land registry data shows two sales for THE LODGE 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 THE LODGE 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
2021 21 JUN	£1,100,000	£516,296	113% above HPI
2016 12 OCT	£675,000	£442,382	53% above HPI

THE 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 two THE LODGE sales from October 2016 and June 2021 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 2016 sale was for 53% above the HPI. So the extrapolation line tracks at 53% above the HPI over time, until the June 2021 sale, where it rises to 113% above the HPI. The line then continues to track at 113% above the HPI.

How Large is THE LODGE?

THE LODGE is 105m², which includes one extension, according to the EPC inspection conducted in May 2014. This puts it in the smallest 30% of detached houses in Burley, based on EPC data. The below chart shows the distribution of detached houses by size in Burley, and where THE LODGE lies on this distribution: 21% of detached houses are smaller than THE LODGE, and 79% of houses are larger. Note that EPC data is not available for all properties in Burley.

THE LODGE: Plot and Title Map

THE LODGE sits on a plot of roughly 0.139 of an acre, or 563m². The below map shows the location of THE 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 THE 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 THE LODGE?

THE LODGE is located on MILL LANE in BURLEY, in the BH24 postcode district. The below map shows the position of THE LODGE on MILL LANE.