7, BROAD LANE, LYMINGTON, SO41 3QN - £717,000

7 BROAD LANE is a midsized extended detached house of 131m², built sometime between 1976 and 1982. It was last sold for £717,000 in December 2020, which was around 41% above the average December 2020 detached price in the New Forest local authority area. The most recent EPC inspection was July 2019, where the current energy rating was D, and the potential energy rating was C.

7 BROAD LANE Sold Prices

Land registry data shows three sales for 7 BROAD LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the New Forest local authority area for the corresponding sale date. All of the three 7 BROAD LANE 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 2 DEC	£717,000	£507,804	41% above HPI
2007 3 APR	£560,000	£327,510	71% above HPI
2004 4 OCT	£350,000	£305,714	14% above HPI

7 BROAD LANE 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 three 7 BROAD LANE sales between October 2004 and December 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 April 2007 sale was for 71% above the HPI. So the extrapolation line tracks at 71% above the HPI over time, until the December 2020 sale, where it falls to 41% above the HPI. The line then continues to track at 41% above the HPI.

How Large is 7 BROAD LANE?

7 BROAD LANE is 131m², which includes two extensions, according to the EPC inspection conducted in July 2019. This puts it in the largest 50% of detached houses in Lymington, based on EPC data. The below chart shows the distribution of detached houses by size in Lymington, and where 7 BROAD LANE lies on this distribution: 56% of detached houses are smaller than 7 BROAD LANE, and 43% of houses are larger. Note that EPC data is not available for all properties in Lymington.

7 BROAD LANE: Plot and Title Map

7 BROAD LANE sits on a plot of roughly 0.145 of an acre, or 587m². The below map shows the location of 7 BROAD LANE, 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 7 BROAD LANE). 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 7 BROAD LANE?

7 BROAD LANE is located in LYMINGTON, in the SO41 postcode district. The below map shows the position of No. 7 on BROAD LANE.