SHANGRILA, HAZEL GROVE, ASHURST, SOUTHAMPTON, SO40 7AJ - £492,500

SHANGRILA is a very small extended detached house of 105m², built sometime between 1930 and 1949. It was last sold for £492,500 in May 2015, which was around 26% above the average May 2015 detached price in the New Forest local authority area. The most recent EPC inspection was April 2015, where the current energy rating was C, and the potential energy rating was A.

SHANGRILA Sold Prices

Land registry data shows two sales for SHANGRILA 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. One of the two SHANGRILA sales was for above the average price, whilst the other was 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
2015 14 MAY	£492,500	£392,169	26% above HPI
2014 17 JAN	£325,000	£360,106	10% below HPI

SHANGRILA 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 SHANGRILA sales from January 2014 and May 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 January 2014 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the May 2015 sale, where it rises to 26% above the HPI. The line then continues to track at 26% above the HPI.

How Large is SHANGRILA?

SHANGRILA is 105m², which includes one extension, according to the EPC inspection conducted in April 2015. This puts it in the smallest 10% of detached houses in Woodlands, based on EPC data. The below chart shows the distribution of detached houses by size in Woodlands, and where SHANGRILA lies on this distribution: 10% of detached houses are smaller than SHANGRILA, and 88% of houses are larger. Note that EPC data is not available for all properties in Woodlands.

SHANGRILA: Plot and Title Map

SHANGRILA sits on a plot of roughly 0.115 of an acre, or 465m². The below map shows the location of SHANGRILA, 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 SHANGRILA). 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 SHANGRILA?

SHANGRILA is located on HAZEL GROVE in ASHURST, in the SO40 postcode district. The below map shows the position of SHANGRILA on HAZEL GROVE.