5, PENNINGTON CLOSE, PENNINGTON, LYMINGTON, SO41 8EU - £400,000

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 PENNINGTON CLOSE is a large extended terraced house of 100m², built sometime between 1976 and 1982, which could now be worth an estimated £376,065. It was last sold for £400,000 in February 2023, which was around 29% above the average February 2023 terraced price in the New Forest local authority area. The most recent EPC inspection was October 2022, where the current energy rating was C, and the potential energy rating was B.

5 PENNINGTON CLOSE Sold Prices

Land registry data shows one sale for 5 PENNINGTON CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average terraced price in the New Forest local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2023 10 FEB	£400,000	£311,092	29% above HPI

What might 5 PENNINGTON CLOSE be worth now?

5 PENNINGTON CLOSE might now be worth an estimated £376,065.

This is based on house price deflation of 6%, between February 2023 and May 2026, for terraced 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 6% deflationary decrease is applied to the most recent sale price for 5 PENNINGTON CLOSE of £400,000 on 10th February 2023. For the value to have decreased from £400,000 to £376,065 over the two years and nine months to May 2026, the following assumptions must hold true:

• The value of 5 PENNINGTON CLOSE has moved in line with the HPI for terraced houses in the New Forest local authority area.
• The February 2023 sale price of £400,000 represented a fair market value for the property.
• The size, condition, and specification of 5 PENNINGTON CLOSE has not materially changed since February 2023.

How Large is 5 PENNINGTON CLOSE?

5 PENNINGTON CLOSE is 100m², which includes one extension, according to the EPC inspection conducted in October 2022. This puts it in the largest 30% of terraced houses in Lymington, based on EPC data. The below chart shows the distribution of terraced houses by size in Lymington, and where 5 PENNINGTON CLOSE lies on this distribution: 73% of terraced houses are smaller than 5 PENNINGTON CLOSE, and 26% of terraced houses are larger. Note that EPC data is not available for all properties in Lymington.

5 PENNINGTON CLOSE: Plot

5 PENNINGTON CLOSE sits on a plot of roughly 0.107 of an acre, or 435m².

Where is 5 PENNINGTON CLOSE?

5 PENNINGTON CLOSE is located in PENNINGTON, in the SO41 postcode district.