8, PENNINGTON CLOSE, PENNINGTON, LYMINGTON, SO41 8EU - £225,000

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.

8 PENNINGTON CLOSE is a very small detached house of 68m², built sometime between 1991 and 1995, which could now be worth an estimated £588,306. It was last sold for £225,000 in March 2002, which was around 3% above the average March 2002 detached price in the New Forest local authority area. The most recent EPC inspection was June 2009, where the current energy rating was D, and the potential energy rating was C.

8 PENNINGTON CLOSE Sold Prices

Land registry data shows one sale for 8 PENNINGTON CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached 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
2002 27 MAR	£225,000	£218,044	3% above HPI

What might 8 PENNINGTON CLOSE be worth now?

8 PENNINGTON CLOSE might now be worth an estimated £588,306.

This is based on house price inflation of 161.5%, between March 2002 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 161.5% inflationary increase is applied to the most recent sale price for 8 PENNINGTON CLOSE of £225,000 on 27th March 2002. For the value to have increased from £225,000 to £588,306 over the 23 years and ten months to May 2026, the following assumptions must hold true:

• The value of 8 PENNINGTON CLOSE has moved in line with the HPI for detached houses in the New Forest local authority area.
• The March 2002 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 8 PENNINGTON CLOSE has not materially changed since March 2002.

How Large is 8 PENNINGTON CLOSE?

8 PENNINGTON CLOSE is 68m² according to the EPC inspection conducted in June 2009. This puts it in the smallest 10% of detached houses in Lymington, based on EPC data. The below chart shows the distribution of detached houses by size in Lymington, and where 8 PENNINGTON CLOSE lies on this distribution: 3% of detached houses are smaller than 8 PENNINGTON CLOSE, and 97% of detached houses are larger. Note that EPC data is not available for all properties in Lymington.

8 PENNINGTON CLOSE: Plot

8 PENNINGTON CLOSE sits on a plot of roughly 0.080 of an acre, or 323m².

Where is 8 PENNINGTON CLOSE?

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