WALNUT COTTAGE, LOWER PENNINGTON LANE, PENNINGTON, LYMINGTON, SO41 8FT - £435,000

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

WALNUT COTTAGE is a small extended detached house of 105m², built sometime between 1991 and 1995. It was last sold for £435,000 in November 2006, which was around 35% above the average November 2006 detached price in the New Forest local authority area. The most recent EPC inspection was May 2012, where the current energy rating was D, and the potential energy rating was B.

WALNUT COTTAGE Sold Prices

Land registry data shows three sales for WALNUT COTTAGE 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 WALNUT COTTAGE sales were for above 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 17 NOV	£435,000	£322,165	35% above HPI
2002 25 SEP	£335,000	£243,954	37% above HPI
1996 2 MAY	£141,000	£101,484	39% above HPI

WALNUT COTTAGE 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 WALNUT COTTAGE sales between May 1996 and November 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 September 2002 sale was for 37% above the HPI. So the extrapolation line tracks at 37% above the HPI over time, until the November 2006 sale, where it falls to 35% above the HPI. The line then continues to track at 35% above the HPI.

How Large is WALNUT COTTAGE?

WALNUT COTTAGE is 105m², which includes one extension, according to the EPC inspection conducted in May 2012. This puts it in the smallest 40% of detached houses in Lymington, based on EPC data. The below chart shows the distribution of detached houses by size in Lymington, and where WALNUT COTTAGE lies on this distribution: 30% of detached houses are smaller than WALNUT COTTAGE, and 69% of houses are larger. Note that EPC data is not available for all properties in Lymington.

WALNUT COTTAGE: Plot and Title Map

WALNUT COTTAGE sits on a plot of roughly 0.147 of an acre, or 596m². The below map shows the location of WALNUT COTTAGE, 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 WALNUT COTTAGE). 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 WALNUT COTTAGE?

WALNUT COTTAGE is located on LOWER PENNINGTON LANE in PENNINGTON, in the SO41 postcode district. The below map shows the position of WALNUT COTTAGE on LOWER PENNINGTON LANE.