THE NEW HOUSE, WOODMEAD ROAD, LYME REGIS, DT7 3AB - £335,000

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 HOUSE is a midsized extended detached house of 133m², built sometime between 1967 and 1975. It was last sold for £335,000 in March 2006, which was around 16% above the average March 2006 detached price in the Dorset local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was C.

THE NEW HOUSE Sold Prices

Land registry data shows three sales for THE NEW HOUSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Dorset local authority area for the corresponding sale date. One of the three THE NEW HOUSE sales was for above the average price, whilst two were 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
2006 10 MAR	£335,000	£288,937	16% above HPI
1999 8 JUL	£125,000	£133,274	6% below HPI
1997 21 NOV	£107,500	£113,253	5% below HPI

THE NEW HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Dorset local authority area over time, sourced from the HPI. The three THE NEW HOUSE sales between November 1997 and March 2006 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 July 1999 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the March 2006 sale, where it rises to 16% above the HPI. The line then continues to track at 16% above the HPI.

How Large is THE NEW HOUSE?

THE NEW HOUSE is 133m², which includes two extensions, according to the EPC inspection conducted in October 2013. This puts it in the largest 50% of detached houses in Lyme Regis, based on EPC data. The below chart shows the distribution of detached houses by size in Lyme Regis, and where THE NEW HOUSE lies on this distribution: 51% of detached houses are smaller than THE NEW HOUSE, and 48% of houses are larger. Note that EPC data is not available for all properties in Lyme Regis.

THE NEW HOUSE: Plot and Title Map

THE NEW HOUSE sits on a plot of roughly 0.067 of an acre, or 271m². The below map shows the location of THE NEW HOUSE, 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 HOUSE). 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 HOUSE?

THE NEW HOUSE is located on WOODMEAD ROAD in LYME REGIS, in the DT7 postcode district. The below map shows the position of THE NEW HOUSE on WOODMEAD ROAD.