CHERRY TREES, ASHLETT ROAD, FAWLEY, SOUTHAMPTON, SO45 1DS - £490,000

CHERRY TREES is a very large extended detached house of 147m², built sometime between 1950 and 1966. It was last sold for £490,000 in June 2021, which was around 5% below the average June 2021 detached price in the New Forest local authority area. The most recent EPC inspection was February 2020, where the current energy rating was D, and the potential energy rating was C.

CHERRY TREES Sold Prices

Land registry data shows two sales for CHERRY TREES 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 CHERRY TREES 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
2021 30 JUN	£490,000	£516,296	5% below HPI
1998 9 JAN	£128,000	£128,842	1% below HPI

CHERRY TREES 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 CHERRY TREES sales from January 1998 and June 2021 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 January 1998 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the June 2021 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is CHERRY TREES?

CHERRY TREES is 147m², which includes two extensions, according to the EPC inspection conducted in February 2020. This puts it in the largest 20% of detached houses in Fawley, based on EPC data. The below chart shows the distribution of detached houses by size in Fawley, and where CHERRY TREES lies on this distribution: 85% of detached houses are smaller than CHERRY TREES, and 15% of houses are larger. Note that EPC data is not available for all properties in Fawley.

CHERRY TREES: Plot and Title Map

CHERRY TREES sits on a plot of roughly 0.156 of an acre, or 632m². The below map shows the location of CHERRY TREES, 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 CHERRY TREES). 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 CHERRY TREES?

CHERRY TREES is located on ASHLETT ROAD in FAWLEY, in the SO45 postcode district. The below map shows the position of CHERRY TREES on ASHLETT ROAD.