5, BINGHAM DRIVE, LYMINGTON, SO41 3PR - £625,000

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.

5 BINGHAM DRIVE is a small detached house of 94m², built sometime between 1950 and 1966, which could now be worth an estimated £701,648. It was last sold for £625,000 in January 2018, which was around 23% above the average January 2018 detached price in the New Forest local authority area. The most recent EPC inspection was July 2014, where the current energy rating was G, and the potential energy rating was B.

5 BINGHAM DRIVE Sold Prices

Land registry data shows three sales for 5 BINGHAM DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the New Forest local authority area for the corresponding sale date. All of the three 5 BINGHAM DRIVE 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
2018 29 JAN	£625,000	£507,838	23% above HPI
2017 6 OCT	£925,000	£512,607	80% above HPI
2017 6 OCT	£925,000	£512,607	80% above HPI

What might 5 BINGHAM DRIVE be worth now?

5 BINGHAM DRIVE might now be worth an estimated £701,648.

This is based on house price inflation of 12.3%, between January 2018 and May 2026, 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 12.3% inflationary increase is applied to the most recent sale price for 5 BINGHAM DRIVE of £625,000 on 29th January 2018. For the value to have increased from £625,000 to £701,648 over the seven years and eight months to May 2026, the following assumptions must hold true:

• The value of 5 BINGHAM DRIVE has moved in line with the HPI for detached houses in the New Forest local authority area.
• The January 2018 sale price of £625,000 represented a fair market value for the property.
• The size, condition, and specification of 5 BINGHAM DRIVE has not materially changed since January 2018.

How Large is 5 BINGHAM DRIVE?

5 BINGHAM DRIVE is 94m² according to the EPC inspection conducted in July 2014. This puts it in the smallest 30% of detached houses in Lymington, based on EPC data. The below chart shows the distribution of detached houses by size in Lymington, and where 5 BINGHAM DRIVE lies on this distribution: 21% of detached houses are smaller than 5 BINGHAM DRIVE, and 79% of detached houses are larger. Note that EPC data is not available for all properties in Lymington.

5 BINGHAM DRIVE: Plot

5 BINGHAM DRIVE sits on a plot of roughly 0.162 of an acre, or 654m².

Where is 5 BINGHAM DRIVE?

5 BINGHAM DRIVE is located in LYMINGTON, in the SO41 postcode district.