TIREE, CHALK PIT LANE, WOOL, WAREHAM, BH20 6DW - £280,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

TIREE is a very small detached house of 65m², built sometime between 1950 and 1966, which could now be worth an estimated £334,420. It was last sold for £280,000 in November 2019, which was around 36% below the average November 2019 detached price in the Dorset local authority area. The most recent EPC inspection was March 2014, where the current energy rating was D, and the potential energy rating was B.

TIREE Sold Prices

Land registry data shows two sales for TIREE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Dorset local authority area for the corresponding sale date. Both of the two TIREE 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 21 NOV	£280,000	£436,226	36% below HPI
2014 31 JUL	£247,000	£356,790	31% below HPI

TIREE 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 two TIREE sales from July 2014 and November 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 July 2014 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the November 2019 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

What might TIREE be worth now?

TIREE might now be worth an estimated £334,420.

This is based on house price inflation of 19.4%, between November 2019 and December 2024, for detached houses, in the Dorset local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 19.4% inflationary increase is applied to the most recent sale price for TIREE of £280,000 on 21st November 2019. For the value to have increased from £280,000 to £334,420 over the four years and eleven months to December 2024, the following assumptions must hold true:

• The value of TIREE has moved in line with the HPI for detached houses in the Dorset local authority area.
• The November 2019 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of TIREE has not materially changed since November 2019.

How Large is TIREE?

TIREE is 65m² according to the EPC inspection conducted in March 2014. This puts it in the smallest 10% of detached houses houses in Wool, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wool, and where TIREE lies on this distribution: 9% of detached houses houses are smaller than TIREE, and 90% of houses are larger. Note that EPC data is not available for all properties in Wool.

TIREE: Plot and Title Map

TIREE sits on a plot of roughly 0.122 of an acre, or 494m². The below map shows the location of TIREE, 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 TIREE). 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 TIREE?

TIREE is located on CHALK PIT LANE in WOOL, in the BH20 postcode district. The below map shows the position of TIREE on CHALK PIT LANE.