2, SPRINGMEAD, LYMINGTON, SO41 3AA - £1,122,000

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.

2 SPRINGMEAD is a very large detached house of 188m², built sometime between 2007 and 2011, which could now be worth an estimated £1,076,369. It was last sold for £1,122,000 in April 2024, which was around 91% above the average April 2024 detached price in the New Forest local authority area. The most recent EPC inspection was October 2022, where the current energy rating was C, and the potential energy rating was B.

2 SPRINGMEAD Sold Prices

Land registry data shows two sales for 2 SPRINGMEAD 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. Both of the two 2 SPRINGMEAD 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
2024 17 APR	£1,122,000	£585,973	91% above HPI
2010 31 MAR	£855,000	£353,376	142% above HPI

2 SPRINGMEAD 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 2 SPRINGMEAD sales from March 2010 and April 2024 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 March 2010 sale was for 142% above the HPI. So the extrapolation line tracks at 142% above the HPI over time, until the April 2024 sale, where it falls to 91% above the HPI. The line then continues to track at 91% above the HPI.

What might 2 SPRINGMEAD be worth now?

2 SPRINGMEAD might now be worth an estimated £1,076,369.

This is based on house price deflation of 4.1%, between April 2024 and April 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 4.1% deflationary decrease is applied to the most recent sale price for 2 SPRINGMEAD of £1,122,000 on 17th April 2024. For the value to have decreased from £1,122,000 to £1,076,369 over the two years to April 2026, the following assumptions must hold true:

• The value of 2 SPRINGMEAD has moved in line with the HPI for detached houses in the New Forest local authority area.
• The April 2024 sale price of £1,122,000 represented a fair market value for the property.
• The size, condition, and specification of 2 SPRINGMEAD has not materially changed since April 2024.

How Large is 2 SPRINGMEAD?

2 SPRINGMEAD is 188m² according to the EPC inspection conducted in October 2022. This puts it in the largest 20% of detached houses houses in Lymington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lymington, and where 2 SPRINGMEAD lies on this distribution: 85% of detached houses houses are smaller than 2 SPRINGMEAD, and 14% of houses are larger. Note that EPC data is not available for all properties in Lymington.

2 SPRINGMEAD: Plot and Title Map

2 SPRINGMEAD sits on a plot of roughly 0.161 of an acre, or 652m². The below map shows the location of 2 SPRINGMEAD, 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 2 SPRINGMEAD). 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 2 SPRINGMEAD?

2 SPRINGMEAD is located in LYMINGTON, in the SO41 postcode district. The below map shows the position of No. 2 on SPRINGMEAD.