THE NEW CABIN, STATION ROAD, SWAY, LYMINGTON, SO41 6AA - £975,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

THE NEW CABIN is a very large extended detached house of 176m², built sometime between 1976 and 1982. It was last sold for £975,000 in August 2021, which was around 85% above the average August 2021 detached price in the New Forest local authority area. The most recent EPC inspection was November 2017, where the current energy rating was D, and the potential energy rating was C.

THE NEW CABIN Sold Prices

Land registry data shows three sales for THE NEW CABIN 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 THE NEW CABIN sales were for above the average price, whilst one 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
2021 9 AUG	£975,000	£525,962	85% above HPI
2005 1 APR	£273,000	£305,216	11% below HPI
1997 17 DEC	£179,950	£130,211	38% above HPI

THE NEW CABIN 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 THE NEW CABIN sales between December 1997 and August 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 April 2005 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the August 2021 sale, where it rises to 85% above the HPI. The line then continues to track at 85% above the HPI.

How Large is THE NEW CABIN?

THE NEW CABIN is 176m², which includes one extension, according to the EPC inspection conducted in November 2017. This puts it in the largest 20% of detached houses in Sway, based on EPC data. The below chart shows the distribution of detached houses by size in Sway, and where THE NEW CABIN lies on this distribution: 83% of detached houses are smaller than THE NEW CABIN, and 17% of houses are larger. Note that EPC data is not available for all properties in Sway.

THE NEW CABIN: Plot and Title Map

THE NEW CABIN sits on a plot of roughly 0.141 of an acre, or 570m². The below map shows the location of THE NEW CABIN, 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 NEW CABIN). 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 NEW CABIN?

THE NEW CABIN is located on STATION ROAD in SWAY, in the SO41 postcode district. The below map shows the position of THE NEW CABIN on STATION ROAD.