3, PENNINGTON CLOSE, PENNINGTON, LYMINGTON, SO41 8EU - £358,500

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.

3 PENNINGTON CLOSE is a small terraced house of 95m², built sometime between 1976 and 1982, which could now be worth an estimated £399,934. It was last sold for £358,500 in October 2018, which was around 39% above the average October 2018 terraced price in the New Forest local authority area. The most recent EPC inspection was June 2017, where the current energy rating was C, and the potential energy rating was B.

3 PENNINGTON CLOSE Sold Prices

Land registry data shows four sales for 3 PENNINGTON 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 3 PENNINGTON 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
2018 15 OCT	£358,500	£258,808	39% above HPI
2009 17 DEC	£249,800	£178,661	40% above HPI
1999 30 APR	£110,000	£69,460	58% above HPI
1998 14 AUG	£105,000	£66,415	58% above HPI

3 PENNINGTON 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 3 PENNINGTON CLOSE sales between August 1998 and October 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 December 2009 sale was for 40% above the HPI. So the extrapolation line tracks at 40% above the HPI over time, until the October 2018 sale, where it falls to 39% above the HPI. The line then continues to track at 39% above the HPI.

What might 3 PENNINGTON CLOSE be worth now?

3 PENNINGTON CLOSE might now be worth an estimated £399,934.

This is based on house price inflation of 11.6%, between October 2018 and April 2026, 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 11.6% inflationary increase is applied to the most recent sale price for 3 PENNINGTON CLOSE of £358,500 on 15th October 2018. For the value to have increased from £358,500 to £399,934 over the eight years and six months to April 2026, the following assumptions must hold true:

• The value of 3 PENNINGTON CLOSE has moved in line with the HPI for terraced houses in the New Forest local authority area.
• The October 2018 sale price of £358,500 represented a fair market value for the property.
• The size, condition, and specification of 3 PENNINGTON CLOSE has not materially changed since October 2018.

How Large is 3 PENNINGTON CLOSE?

3 PENNINGTON CLOSE is 95m² according to the EPC inspection conducted in June 2017. This puts it in the smallest 30% of terraced houses houses in Lymington, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Lymington, and where 3 PENNINGTON CLOSE lies on this distribution: 22% of terraced houses houses are smaller than 3 PENNINGTON CLOSE, and 77% of houses are larger. Note that EPC data is not available for all properties in Lymington.

3 PENNINGTON CLOSE: Plot and Title Map

3 PENNINGTON CLOSE sits on a plot of roughly 0.050 of an acre, or 202m². The below map shows the location of 3 PENNINGTON 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 3 PENNINGTON 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 3 PENNINGTON CLOSE?

3 PENNINGTON CLOSE is located in PENNINGTON, in the SO41 postcode district. The below map shows the position of No. 3 on PENNINGTON CLOSE.