AVERNESS, SMITHY LANE, NEW MILTON, BH25 5TF - £386,000

AVERNESS is a very small extended semi-detached house of 93m², built sometime between 1900 and 1929. It was last sold for £386,000 in August 2019, which was around 19% below the average August 2019 detached price in the New Forest local authority area. The most recent EPC inspection was April 2019, where the current energy rating was D, and the potential energy rating was C.

AVERNESS Sold Prices

Land registry data shows four sales for AVERNESS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the New Forest local authority area for the corresponding sale date. All of the four AVERNESS 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
2019 2 AUG	£386,000	£474,534	19% below HPI
2016 8 MAR	£305,000	£437,303	30% below HPI
2003 17 JAN	£246,500	£266,665	8% below HPI
1999 24 MAR	£90,000	£139,860	36% below HPI

AVERNESS 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 four AVERNESS sales between March 1999 and August 2019 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 2016 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the August 2019 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is AVERNESS?

AVERNESS is 93m², which includes one extension, according to the EPC inspection conducted in April 2019. This puts it in the smallest 10% of detached houses in Bashley, based on EPC data. The below chart shows the distribution of detached houses by size in Bashley, and where AVERNESS lies on this distribution: 9% of detached houses are smaller than AVERNESS, and 91% of houses are larger. Note that EPC data is not available for all properties in Bashley.

AVERNESS: Plot and Title Map

AVERNESS sits on a plot of roughly 0.075 of an acre, or 305m². The below map shows the location of AVERNESS, 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 AVERNESS). 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 AVERNESS?

AVERNESS is located on SMITHY LANE in NEW MILTON, in the BH25 postcode district. The below map shows the position of AVERNESS on SMITHY LANE.