12, CHESTNUT DRIVE, ASHURST, SOUTHAMPTON, SO40 7DW - £490,000

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.

12 CHESTNUT DRIVE is a midsized extended detached house of 119m², built sometime between 1983 and 1990, which could now be worth an estimated £550,013. It was last sold for £490,000 in May 2020, which was around 3% below the average May 2020 detached price in the New Forest local authority area. The most recent EPC inspection was October 2019, where the current energy rating was C, and the potential energy rating was B.

12 CHESTNUT DRIVE Sold Prices

Land registry data shows two sales for 12 CHESTNUT DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the New Forest local authority area for the corresponding sale date. One of the two 12 CHESTNUT DRIVE sales was for below the average price, whilst the other was 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
2020 28 MAY	£490,000	£505,385	3% below HPI
2006 27 JUN	£350,000	£323,482	8% above HPI

12 CHESTNUT DRIVE 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 two 12 CHESTNUT DRIVE sales from June 2006 and May 2020 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 June 2006 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the May 2020 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 12 CHESTNUT DRIVE be worth now?

12 CHESTNUT DRIVE might now be worth an estimated £550,013.

This is based on house price inflation of 12.2%, between May 2020 and March 2026, 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 12.2% inflationary increase is applied to the most recent sale price for 12 CHESTNUT DRIVE of £490,000 on 28th May 2020. For the value to have increased from £490,000 to £550,013 over the six years and two months to March 2026, the following assumptions must hold true:

• The value of 12 CHESTNUT DRIVE has moved in line with the HPI for detached houses in the New Forest local authority area.
• The May 2020 sale price of £490,000 represented a fair market value for the property.
• The size, condition, and specification of 12 CHESTNUT DRIVE has not materially changed since May 2020.

How Large is 12 CHESTNUT DRIVE?

12 CHESTNUT DRIVE is 119m², which includes two extensions, according to the EPC inspection conducted in October 2019. This puts it in the largest 50% of detached houses houses in Ashurst, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ashurst, and where 12 CHESTNUT DRIVE lies on this distribution: 57% of detached houses houses are smaller than 12 CHESTNUT DRIVE, and 43% of houses are larger. Note that EPC data is not available for all properties in Ashurst.

12 CHESTNUT DRIVE: Plot and Title Map

12 CHESTNUT DRIVE sits on a plot of roughly 0.095 of an acre, or 385m². The below map shows the location of 12 CHESTNUT DRIVE, 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 12 CHESTNUT DRIVE). 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 12 CHESTNUT DRIVE?

12 CHESTNUT DRIVE is located in ASHURST, in the SO40 postcode district. The below map shows the position of No. 12 on CHESTNUT DRIVE.