40, MILL WAY, TOTTON, SOUTHAMPTON, SO40 7JF - £416,370

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.

40 MILL WAY is a large extended detached house of 108m², built sometime between 1983 and 1990, which could now be worth an estimated £411,544. It was last sold for £416,370 in April 2024, which was around 29% below the average April 2024 detached price in the New Forest local authority area. The most recent EPC inspection was May 2018, where the current energy rating was D, and the potential energy rating was B.

40 MILL WAY Sold Prices

Land registry data shows two sales for 40 MILL WAY 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 40 MILL WAY sales were for below 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 19 APR	£416,370	£589,280	29% below HPI
2018 31 OCT	£365,000	£512,136	29% below HPI

40 MILL WAY 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 40 MILL WAY sales from October 2018 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 October 2018 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the April 2024 sale, which was also at 29% below the HPI.

What might 40 MILL WAY be worth now?

40 MILL WAY might now be worth an estimated £411,544.

This is based on house price deflation of 1.2%, between April 2024 and February 2025, 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 1.2% deflationary decrease is applied to the most recent sale price for 40 MILL WAY of £416,370 on 19th April 2024. For the value to have decreased from £416,370 to £411,544 over the one year and two months to February 2025, the following assumptions must hold true:

• The value of 40 MILL WAY has moved in line with the HPI for detached houses in the New Forest local authority area.
• The April 2024 sale price of £416,370 represented a fair market value for the property.
• The size, condition, and specification of 40 MILL WAY has not materially changed since April 2024.

How Large is 40 MILL WAY?

40 MILL WAY is 108m², which includes one extension, according to the EPC inspection conducted in May 2018. This puts it in the largest 40% of detached houses houses in Totton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Totton, and where 40 MILL WAY lies on this distribution: 61% of detached houses houses are smaller than 40 MILL WAY, and 38% of houses are larger. Note that EPC data is not available for all properties in Totton.

40 MILL WAY: Plot and Title Map

40 MILL WAY sits on a plot of roughly 0.085 of an acre, or 345m². The below map shows the location of 40 MILL WAY, 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 40 MILL WAY). 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 40 MILL WAY?

40 MILL WAY is located in TOTTON, in the SO40 postcode district. The below map shows the position of No. 40 on MILL WAY.