THE SUMMER HOUSE, NORTH CLOSE, LYMINGTON, SO41 9BT - £415,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

THE SUMMER HOUSE is a small extended detached house of 91m², built sometime from 2007 onwards, which could now be worth an estimated £487,353. It was last sold for £415,000 in May 2019, which was around 16% below the average May 2019 detached price in the New Forest local authority area. The most recent EPC inspection was November 2018, where the current energy rating was C, and the potential energy rating was B.

THE SUMMER HOUSE Sold Prices

Land registry data shows three sales for THE SUMMER 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 New Forest local authority area for the corresponding sale date. All of the three THE SUMMER HOUSE sales 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
2019 24 MAY	£415,000	£495,979	16% below HPI
2009 1 OCT	£249,995	£335,428	25% below HPI
2006 27 FEB	£209,000	£320,555	35% below HPI

THE SUMMER HOUSE 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 SUMMER HOUSE sales between February 2006 and May 2019 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 2009 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the May 2019 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might THE SUMMER HOUSE be worth now?

THE SUMMER HOUSE might now be worth an estimated £487,353.

This is based on house price inflation of 17.4%, between May 2019 and February 2025, for detached houses, in the New Forest local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 17.4% inflationary increase is applied to the most recent sale price for THE SUMMER HOUSE of £415,000 on 24th May 2019. For the value to have increased from £415,000 to £487,353 over the six years and three months to February 2025, the following assumptions must hold true:

• The value of THE SUMMER HOUSE has moved in line with the HPI for detached houses in the New Forest local authority area.
• The May 2019 sale price of £415,000 represented a fair market value for the property.
• The size, condition, and specification of THE SUMMER HOUSE has not materially changed since May 2019.

How Large is THE SUMMER HOUSE?

THE SUMMER HOUSE is 91m², which includes one extension, according to the EPC inspection conducted in November 2018. This puts it in the smallest 30% of detached houses houses in Lymington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lymington, and where THE SUMMER HOUSE lies on this distribution: 20% of detached houses houses are smaller than THE SUMMER HOUSE, and 79% of houses are larger. Note that EPC data is not available for all properties in Lymington.

THE SUMMER HOUSE: Plot and Title Map

THE SUMMER HOUSE sits on a plot of roughly 0.040 of an acre, or 160m². The below map shows the location of THE SUMMER 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 SUMMER 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 SUMMER HOUSE?

THE SUMMER HOUSE is located on NORTH CLOSE in LYMINGTON, in the SO41 postcode district. The below map shows the position of THE SUMMER HOUSE on NORTH CLOSE.