PENN HOUSE, MIDDLE COMMON ROAD, PENNINGTON, LYMINGTON, SO41 8LE - £632,000

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.

PENN HOUSE is a large extended detached house of 148m², built sometime between 1967 and 1975, which could now be worth an estimated £867,621. It was last sold for £632,000 in June 2015, which was around 51% above the average June 2015 detached price in the New Forest local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was C.

PENN HOUSE Sold Prices

Land registry data shows two sales for PENN HOUSE 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 PENN HOUSE 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
2015 12 JUN	£632,000	£418,316	51% above HPI
1995 2 JUN	£160,000	£104,709	53% above HPI

PENN HOUSE 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 PENN HOUSE sales from June 1995 and June 2015 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 June 1995 sale was for 53% above the HPI. So the extrapolation line tracks at 53% above the HPI over time, until the June 2015 sale, where it falls to 51% above the HPI. The line then continues to track at 51% above the HPI.

What might PENN HOUSE be worth now?

PENN HOUSE might now be worth an estimated £867,621.

This is based on house price inflation of 37.3%, between June 2015 and June 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 37.3% inflationary increase is applied to the most recent sale price for PENN HOUSE of £632,000 on 12th June 2015. For the value to have increased from £632,000 to £867,621 over the ten years to June 2025, the following assumptions must hold true:

• The value of PENN HOUSE has moved in line with the HPI for detached houses in the New Forest local authority area.
• The June 2015 sale price of £632,000 represented a fair market value for the property.
• The size, condition, and specification of PENN HOUSE has not materially changed since June 2015.

How Large is PENN HOUSE?

PENN HOUSE is 148m², which includes two extensions, according to the EPC inspection conducted in April 2014. This puts it in the largest 40% of detached houses houses in Lymington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lymington, and where PENN HOUSE lies on this distribution: 68% of detached houses houses are smaller than PENN HOUSE, and 31% of houses are larger. Note that EPC data is not available for all properties in Lymington.

PENN HOUSE: Plot and Title Map

PENN HOUSE sits on a plot of roughly 0.177 of an acre, or 716m². The below map shows the location of PENN HOUSE, 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 PENN HOUSE). 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 PENN HOUSE?

PENN HOUSE is located on MIDDLE COMMON ROAD in PENNINGTON, in the SO41 postcode district. The below map shows the position of PENN HOUSE on MIDDLE COMMON ROAD.