VERYAN, CHAPEL LANE, BLACKFIELD, SOUTHAMPTON, SO45 1YX - £350,000

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

VERYAN is a large extended detached house of 135m², built sometime between 1950 and 1966. It was last sold for £350,000 in May 2016, which was around 20% below the average May 2016 detached price in the New Forest local authority area. The most recent EPC inspection was October 2012, where the current energy rating was D, and the potential energy rating was C.

VERYAN Sold Prices

Land registry data shows four sales for VERYAN since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the New Forest local authority area for the corresponding sale date. The four VERYAN sales were a mix of below the average price, and roughly equal to 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
2016 12 MAY	£350,000	£435,493	20% below HPI
2002 16 DEC	£245,500	£259,154	5% below HPI
1997 12 DEC	£127,000	£130,211	2% below HPI
1996 29 NOV	£109,000	£108,543	Close to HPI

VERYAN 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 four VERYAN sales between November 1996 and May 2016 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 December 2002 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the May 2016 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is VERYAN?

VERYAN is 135m², which includes one extension, according to the EPC inspection conducted in October 2012. This puts it in the largest 30% of detached houses in Langley, based on EPC data. The below chart shows the distribution of detached houses by size in Langley, and where VERYAN lies on this distribution: 79% of detached houses are smaller than VERYAN, and 21% of houses are larger. Note that EPC data is not available for all properties in Langley.

VERYAN: Plot and Title Map

VERYAN sits on a plot of roughly 0.157 of an acre, or 636m². The below map shows the location of VERYAN, 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 VERYAN). 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 VERYAN?

VERYAN is located on CHAPEL LANE in BLACKFIELD, in the SO45 postcode district. The below map shows the position of VERYAN on CHAPEL LANE.