12, REEDER CLOSE, FORDINGBRIDGE, SP6 1GE - £285,000

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 REEDER CLOSE is a small terraced house of 85m², built sometime between 1996 and 2002, which could now be worth an estimated £330,471. It was last sold for £285,000 in June 2020, which was around 12% above the average June 2020 terraced price in the New Forest local authority area. The most recent EPC inspection was February 2012, where the current energy rating was D, and the potential energy rating was C.

12 REEDER CLOSE Sold Prices

Land registry data shows four sales for 12 REEDER CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the New Forest local authority area for the corresponding sale date. All of the four 12 REEDER CLOSE 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
2020 18 JUN	£285,000	£254,325	12% above HPI
2018 24 AUG	£273,000	£257,759	6% above HPI
2014 14 JUL	£250,000	£206,425	21% above HPI
2001 31 AUG	£139,000	£100,478	38% above HPI

12 REEDER CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the New Forest local authority area over time, sourced from the HPI. The four 12 REEDER CLOSE sales between August 2001 and June 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 August 2018 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the June 2020 sale, where it rises to 12% above the HPI. The line then continues to track at 12% above the HPI.

What might 12 REEDER CLOSE be worth now?

12 REEDER CLOSE might now be worth an estimated £330,471.

This is based on house price inflation of 16%, between June 2020 and June 2025, for terraced 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 16% inflationary increase is applied to the most recent sale price for 12 REEDER CLOSE of £285,000 on 18th June 2020. For the value to have increased from £285,000 to £330,471 over the five years to June 2025, the following assumptions must hold true:

• The value of 12 REEDER CLOSE has moved in line with the HPI for terraced houses in the New Forest local authority area.
• The June 2020 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of 12 REEDER CLOSE has not materially changed since June 2020.

How Large is 12 REEDER CLOSE?

12 REEDER CLOSE is 85m² according to the EPC inspection conducted in February 2012. This puts it in the smallest 30% of terraced houses houses in Fordingbridge, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Fordingbridge, and where 12 REEDER CLOSE lies on this distribution: 27% of terraced houses houses are smaller than 12 REEDER CLOSE, and 73% of houses are larger. Note that EPC data is not available for all properties in Fordingbridge.

12 REEDER CLOSE: Plot and Title Map

12 REEDER CLOSE sits on a plot of roughly 0.047 of an acre, or 190m². The below map shows the location of 12 REEDER CLOSE, 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 REEDER CLOSE). 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 REEDER CLOSE?

12 REEDER CLOSE is located in FORDINGBRIDGE, in the SP6 postcode district. The below map shows the position of No. 12 on REEDER CLOSE.