7, OAK LANE, RINGWOOD, BH24 1QP - £241,000

7 OAK LANE is a small semi-detached house of 97m², built sometime between 2003 and 2006. It was last sold for £241,000 in December 2012, which was around 30% below the average December 2012 detached price in the New Forest local authority area. The most recent EPC inspection was January 2023, where the current energy rating was C, and the potential energy rating was B.

7 OAK LANE Sold Prices

Land registry data shows two sales for 7 OAK LANE 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 7 OAK LANE 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
2012 7 DEC	£241,000	£346,319	30% below HPI
2005 29 NOV	£250,000	£302,608	17% below HPI

7 OAK 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 two 7 OAK LANE sales from November 2005 and December 2012 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 November 2005 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the December 2012 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 7 OAK LANE?

7 OAK LANE is 97m² according to the EPC inspection conducted in January 2023. This puts it in the smallest 40% of detached houses in Ringwood, based on EPC data. The below chart shows the distribution of detached houses by size in Ringwood, and where 7 OAK LANE lies on this distribution: 34% of detached houses are smaller than 7 OAK LANE, and 66% of houses are larger. Note that EPC data is not available for all properties in Ringwood.

7 OAK LANE: Plot and Title Map

7 OAK LANE sits on a plot of roughly 0.061 of an acre, or 247m². The below map shows the location of 7 OAK 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 OAK 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 OAK LANE?

7 OAK LANE is located in RINGWOOD, in the BH24 postcode district. The below map shows the position of No. 7 on OAK LANE.