WESTWAY, WOOTTON ROAD, TIPTOE, LYMINGTON, SO41 6FT - £480,000

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

WESTWAY is a midsized extended detached house of 118m², built sometime between 1930 and 1949. It was last sold for £480,000 in March 2018, which was about the average March 2018 detached price in the New Forest local authority area. The most recent EPC inspection was April 2011, where the current energy rating was D, and the potential energy rating was C.

WESTWAY Sold Prices

Land registry data shows five sales for WESTWAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the New Forest local authority area for the corresponding sale date. The five WESTWAY sales were a mix of roughly equal to the average price, and 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
2018 28 MAR	£480,000	£480,742	Close to HPI
2012 23 AUG	£390,000	£344,713	13% above HPI
2006 24 MAY	£382,500	£305,767	25% above HPI
2004 29 JUL	£310,000	£293,244	6% above HPI
1996 20 DEC	£120,000	£108,793	10% above HPI

WESTWAY 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 five WESTWAY sales between December 1996 and March 2018 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 August 2012 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the March 2018 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

How Large is WESTWAY?

WESTWAY is 118m², which includes two extensions, according to the EPC inspection conducted in April 2011. This puts it in the smallest 50% of detached houses in Tiptoe, based on EPC data. The below chart shows the distribution of detached houses by size in Tiptoe, and where WESTWAY lies on this distribution: 48% of detached houses are smaller than WESTWAY, and 52% of houses are larger. Note that EPC data is not available for all properties in Tiptoe.

WESTWAY: Plot and Title Map

WESTWAY sits on a plot of roughly 0.149 of an acre, or 602m². The below map shows the location of WESTWAY, 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 WESTWAY). 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 WESTWAY?

WESTWAY is located on WOOTTON ROAD in TIPTOE, in the SO41 postcode district. The below map shows the position of WESTWAY on WOOTTON ROAD.