Housing Market Analysis for WATER LANE, SO40 3RE

Are you looking to understand SO40 3RE house prices? Here, we provide a detailed analysis of the latest sold house prices, trends over the years, and key statistics to help you gauge the real estate landscape in this New Forest postcode.

For the location information and nearby amenities in the SO40 3RE area, explore the SO40 3RE Area information page.
For comprehensive crime statistics in the SO40 3RE area, explore the SO40 3RE Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the SO40 3RE postcode area, The average prices are as follows,

Flat
- The average price is around £148,656 median price is £145,000 Standard Deviation is £25,626 with Total Sold: 25
- The Last 5 Year average price is £188,700 with Total Sold: 5
- The most recent sale happened at this postcode is FLAT 8, BROKENFORD COURT, 21 - 27 WATER LANE: £177,000 (Sold on 21 May 2021)
- The first recorded sale happened at this postcode is FLAT 3, BROKENFORD COURT, 21 - 27 WATER LANE: £210,000 (Sold on 15 Dec 2023)
Other
- The average price is around £185,000 median price is £185,000 Standard Deviation is £0 with Total Sold: 1
- The Last 5 Year average price is £185,000 with Total Sold: 1
- The most recent sale happened at this postcode is FLAT 6, BROKENFORD COURT, 21 - 27 WATER LANE: £185,000 (Sold on 08 Jan 2021)
- The first recorded sale happened at this postcode is FLAT 6, BROKENFORD COURT, 21 - 27 WATER LANE: £185,000 (Sold on 08 Jan 2021)

Sold Price Trend Over the Years:

Below table and chart gives the average SO40 3RE house prices and number of sold houses over the years. This helps understand the price trend over the years in this postcode.

Please note that this data is populated based on the sold houses data given by the Land Registry.

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2021	£177,000	£2,864	1
2020	£195,000	£2,941	1
2019	£180,750	£2,801	2
2018	£170,000	£2,707	1
2014	£147,975	£2,334	2
2012	£139,000	£2,213	1
2011	£145,000	£2,346	1
2007	£163,000	£2,143	3
2003	£133,833	£1,964	6
2002	£121,825	£1,781	6
2023	£210,000	£3,281	1

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2021	£185,000	£2,606	1

All the Sales in the WATER LANE, SO40 3RE

See the table below for more details on the sold house prices in the SO40 3RE, New Forest postcode.

Address	Sold Date	Price	% Change
FLAT 8, BROKENFORD COURT, 21 - 27 WATER LANEFlat, LeaseholdArea: 61.8 Sq.mtrAge: 1996-2002	21 May 2021	£177,000	22.07%
	02 Sep 2011	£145,000	First Sale
FLAT 6, BROKENFORD COURT, 21 - 27 WATER LANEOther, LeaseholdArea: 71 Sq.mtrAge: 1996-2002	08 Jan 2021	£185,000	26.71%
	27 Aug 2003	£146,000	23.73%
	05 Nov 2002	£118,000	First Sale
FLAT 1, BROKENFORD COURT, 21 - 27 WATER LANEFlat, LeaseholdArea: 66.311 Sq.mtrAge: 1996-2002	29 Sep 2020	£195,000	62.50%
	27 Sep 2002	£120,000	First Sale
FLAT 7, BROKENFORD COURT, 21 - 27 WATER LANEFlat, LeaseholdArea: 65.54 Sq.mtrAge: 1996-2002	29 Aug 2019	£181,500	32.97%
	14 Mar 2003	£136,500	0.0
	14 Mar 2003	£136,500	First Sale
FLAT 10, BROKENFORD COURT, 21 - 27 WATER LANEFlat, LeaseholdArea: 63.54 Sq.mtrAge: 2003-2006	12 Apr 2019	£180,000	First Sale
FLAT 4, BROKENFORD COURT, 21 - 27 WATER LANEFlat, LeaseholdArea: 62.8 Sq.mtrAge: 1996-2002	23 Feb 2018	£170,000	13.37%
	02 Jun 2014	£149,950	7.88%
	20 Jan 2012	£139,000	15.83%
	02 Oct 2002	£120,000	0.0
	02 Oct 2002	£120,000	First Sale
FLAT 3, BROKENFORD COURT, 21 - 27 WATER LANEFlat, LeaseholdArea: 64 Sq.mtrAge: 1996-2002	24 Jul 2014	£146,000	-30.48%
	15 Dec 2023	£210,000	First Sale
FLAT 11, BROKENFORD COURT, 21 - 27 WATER LANEFlat, LeaseholdArea: 85 Sq.mtrAge: 2003-2006	02 Nov 2007	£167,000	0.0
	02 Nov 2007	£167,000	15.97%
	05 Sep 2003	£144,000	First Sale
FLAT 9, BROKENFORD COURT, 21 - 27 WATER LANEFlat, LeaseholdArea: 62 Sq.mtrAge: 1996-2002	29 May 2007	£155,000	29.17%
	25 Jun 2003	£120,000	0.0
	25 Jun 2003	£120,000	First Sale
FLAT 12, BROKENFORD COURT, 21 - 27 WATER LANEFlat, LeaseholdArea: 71.6 Sq.mtrAge: 1996-2002	22 Nov 2002	£127,950	First Sale
FLAT 14, BROKENFORD COURT, 21 - 27 WATER LANEFlat, LeaseholdArea: 77.99 Sq.mtrAge: 1996-2002	27 Sep 2002	£125,000	First Sale

Check out the sold house prices near the SO40 3RE postcode. Properties currently for saleProperties currently for rent

WATER LANE, SO40 3RE Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the SO40 3RE postcode area

Nearby Sold House Price Statstics

Knowing the nearby sold house in the area helps gauge the property market in the area. Below data gives house price Statstics of the surrounding area of the SO40 3RE postcode.

Flat
- The average price is around £131,719 median price is £135,000 Standard Deviation is £51,879 with Total Sold: 627
- The Last 5 Year average price is £159,765 with Total Sold: 119
- The most recent sale happened at this postcode is FLAT 7, POPES COURT POPES LANE: £115,000 (Sold on 30 Aug 2024)
- The first recorded sale happened at this postcode is FLAT 8, SPRINGDALE COURT, 16 WATER LANE: £41,500 (Sold on 18 Apr 1995)
Semi-Detached
- The average price is around £180,259 median price is £180,000 Standard Deviation is £89,374 with Total Sold: 996
- The Last 5 Year average price is £310,403 with Total Sold: 141
- The most recent sale happened at this postcode is , 18 TESTWOOD PLACE: £415,000 (Sold on 23 Aug 2024)
- The first recorded sale happened at this postcode is , 41 MORPETH AVENUE: £50,000 (Sold on 04 Jan 1995)
Detached
- The average price is around £219,305 median price is £215,000 Standard Deviation is £127,656 with Total Sold: 706
- The Last 5 Year average price is £370,970 with Total Sold: 113
- The most recent sale happened at this postcode is , 4 OAKLANDS AVENUE: £475,000 (Sold on 20 Aug 2024)
- The first recorded sale happened at this postcode is , 48 RUSHINGTON AVENUE: £84,000 (Sold on 20 Jan 1995)
Terraced
- The average price is around £152,832 median price is £147,500 Standard Deviation is £74,057 with Total Sold: 356
- The Last 5 Year average price is £239,615 with Total Sold: 74
- The most recent sale happened at this postcode is , 127 RINGWOOD ROAD: £320,000 (Sold on 15 Jul 2024)
- The first recorded sale happened at this postcode is , 18 SOUTHERN GARDENS: £55,000 (Sold on 13 Jan 1995)
Other
- The average price is around £414,518 median price is £221,000 Standard Deviation is £514,194 with Total Sold: 59
- The Last 5 Year average price is £330,332 with Total Sold: 38
- The most recent sale happened at this postcode is , 14 WATER LANE: £130,000 (Sold on 11 Apr 2024)
- The first recorded sale happened at this postcode is , 33 RUMBRIDGE STREET: £50,000 (Sold on 07 Feb 2011)

Sold Price Trend Over the Years:

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£157,111	£4,047	9
2023	£158,180	£3,385	22
2022	£162,789	£3,091	19
2021	£165,071	£4,206	32
2020	£146,782	£2,861	14
2019	£160,341	£2,988	23
2018	£164,229	£3,004	24
2017	£138,418	£2,685	19
2016	£158,560	£3,004	15
2015	£129,683	£2,494	27
2014	£119,570	£2,319	23
2013	£105,208	£2,284	19
2012	£142,496	£2,461	34
2011	£128,656	£2,392	8
2010	£120,306	£2,418	8
2009	£129,211	£2,479	18
2008	£162,153	£3,161	30
2007	£181,503	£3,956	93
2006	£118,637	£2,655	19
2005	£116,225	£2,337	26
2004	£112,952	£2,356	21
2003	£109,496	£1,947	13
2002	£95,439	£1,808	18
2001	£70,087	£1,571	30
2000	£46,303	£991	14
1999	£43,023	£983	15
1998	£43,344	£924	8
1997	£39,791	£858	11
1996	£30,950	£538	5
1995	£34,375	£780	10

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£349,067	£4,011	15
2023	£337,430	£3,950	15
2022	£304,702	£3,400	21
2021	£319,111	£3,493	42
2020	£275,523	£3,212	22
2019	£292,556	£3,521	26
2018	£279,062	£3,530	34
2017	£273,288	£3,076	35
2016	£244,405	£2,819	31
2015	£238,443	£2,821	34
2014	£222,576	£2,413	18
2013	£210,213	£2,397	41
2012	£201,628	£2,324	23
2011	£199,748	£2,314	28
2010	£191,327	£2,238	31
2009	£176,750	£2,062	24
2008	£201,970	£2,100	20
2007	£207,903	£2,282	35
2006	£190,830	£2,132	48
2005	£164,858	£2,041	41
2004	£168,416	£1,981	32
2003	£159,905	£1,809	38
2002	£135,909	£1,717	40
2001	£112,393	£1,325	46
2000	£99,376	£1,092	40
1999	£83,514	£967	50
1998	£72,163	£947	29
1997	£68,258	£710	54
1996	£61,339	£581	38
1995	£54,178	£610	45

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£397,500	£4,675	6
2023	£404,600	£4,254	20
2022	£430,485	£4,479	17
2021	£363,385	£3,838	31
2020	£352,700	£3,544	22
2019	£300,000	£3,447	17
2018	£338,329	£3,583	12
2017	£314,500	£3,735	23
2016	£316,190	£3,072	26
2015	£288,948	£3,203	23
2014	£217,962	£2,575	29
2013	£247,039	£2,421	23
2012	£226,535	£2,962	13
2011	£241,188	£2,464	13
2010	£249,497	£2,224	17
2009	£218,822	£2,206	23
2008	£230,270	£2,421	20
2007	£272,024	£2,246	34
2006	£235,302	£2,178	32
2005	£198,104	£2,095	32
2004	£195,346	£2,025	30
2003	£188,215	£2,438	23
2002	£143,802	£1,752	22
2001	£124,126	£1,110	35
2000	£110,786	£1,152	21
1999	£105,722	£987	36
1998	£82,623	£899	23
1997	£75,090	£821	31
1996	£72,140	£684	21
1995	£67,615	£767	31

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£243,750	£3,389	4
2023	£210,700	£3,137	10
2022	£228,846	£3,342	13
2021	£239,150	£2,984	20
2020	£261,132	£3,529	19
2019	£241,250	£2,849	8
2018	£212,040	£2,938	8
2017	£230,312	£2,811	8
2016	£225,625	£2,616	4
2015	£184,750	£2,703	6
2014	£227,750	£2,361	8
2013	£158,917	£2,517	6
2012	£202,471	£2,293	17
2011	£141,933	£1,961	9
2010	£147,875	£1,954	8
2009	£146,950	£1,773	10
2008	£166,575	£2,197	12
2007	£167,850	£2,232	16
2006	£157,485	£2,117	17
2005	£147,846	£1,985	13
2004	£141,677	£1,881	11
2003	£124,347	£1,810	15
2002	£107,678	£1,593	16
2001	£92,693	£1,235	20
2000	£69,191	£1,045	13
1999	£68,821	£797	17
1998	£60,843	£813	15
1997	£58,907	£712	8
1996	£48,682	£579	11
1995	£50,479	£627	14

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£190,000		2
2023	£425,000	£14,262	4
2022	£257,286	£7,907	7
2021	£364,402	£3,078	14
2020	£172,576		5
2019	£451,182	£11,580	6
2018	£538,125		4
2017	£205,167	£4,670	6
2016	£843,071	£15,652	7
2015	£1,094,468		2
2014	£380,000		1
2011	£50,000		1

House Type in SO40 3RE area

The most common house types in the SO40 3RE postcode area are Detached (67), Semi-detached (45), and Flat (27).

Total	157
Detached	67
Semi-detached	45
Flat	27
Shared house	10
Terraced	6
commercial building	2
converted building	0
temporary structure	0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns outright (68), and Owned: Owns with a mortgage or loan (46).

Owned: Owns outright	68
Owned: Owns with a mortgage or loan	46
Private rented: Private landlord or letting agency	32
Private rented: Other private rented	6
Social rented: Rents from council or Local Authority	3
Social rented: Other social rented	1
Does not apply	0
Shared ownership: Shared ownership	0
Lives rent free	0

Number of People in a Household

The most houses in the SO40 3RE have 1 person in household (63), and 2 people in household (50).

1 person in household	63
2 people in household	50
3 people in household	19
4 people in household	19
5 people in household	4
6 people in household	1
7 people in household	1
0 people in household	0
8 or more people in household	0