Housing Market Analysis for LOWER PENNINGTON LANE, SO41 8FU

Are you looking to understand SO41 8FU 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 SO41 8FU area, explore the SO41 8FU Area information page.
For comprehensive crime statistics in the SO41 8FU area, explore the SO41 8FU Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the SO41 8FU postcode area, The average prices are as follows,

Terraced
- The average price is around £304,942 median price is £279,000 Standard Deviation is £111,145 with Total Sold: 13
- The Last 5 Year average price is £444,000 with Total Sold: 3
- The most recent sale happened at this postcode is 4, GAINSBOROUGH COURT LOWER PENNINGTON LANE: £445,000 (Sold on 05 Sep 2023)
- The first recorded sale happened at this postcode is 4, GAINSBOROUGH COURT LOWER PENNINGTON LANE: £141,250 (Sold on 16 Dec 1998)
Detached
- The average price is around £614,590 median price is £643,000 Standard Deviation is £330,989 with Total Sold: 5
- The Last 5 Year average price is £1,140,000 with Total Sold: 1
- The most recent sale happened at this postcode is FERN HOUSE LOWER PENNINGTON LANE: £1,140,000 (Sold on 16 Aug 2022)
- The first recorded sale happened at this postcode is WISTERIA LOWER PENNINGTON LANE: £275,000 (Sold on 30 Sep 1997)
Flat
- The average price is around £232,000 median price is £219,500 Standard Deviation is £52,550 with Total Sold: 4
- The Last 5 Year average price is £315,000 with Total Sold: 1
- The most recent sale happened at this postcode is 3, RIDGEWAY COURT LOWER PENNINGTON LANE: £315,000 (Sold on 07 Mar 2022)
- The first recorded sale happened at this postcode is 3, RIDGEWAY COURT LOWER PENNINGTON LANE: £204,000 (Sold on 05 Aug 2004)

Sold Price Trend Over the Years:

Below table and chart gives the average SO41 8FU 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: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£445,000	£4,785	1
2021	£507,000	£4,738	1
2019	£380,000	£3,551	1
2018	£395,000	£4,247	1
2016	£415,000	£4,415	1
2006	£285,000	£3,046	2
2005	£265,000	£2,871	1
2004	£279,000	£2,906	1
2003	£208,500	£2,207	2
2000	£150,000	£1,667	1
1998	£141,250	£1,519	1

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2022	£1,140,000		1
2007	£704,000	£3,608	2
2000	£249,950		1
1997	£275,000	£1,206	1

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2022	£315,000	£4,846	1
2008	£235,000	£3,176	1
2007	£174,000	£2,351	1
2004	£204,000	£3,138	1

All the Sales in the LOWER PENNINGTON LANE, SO41 8FU

See the table below for more details on the sold house prices in the SO41 8FU, New Forest postcode.

Address	Sold Date	Price	% Change
4, GAINSBOROUGH COURT LOWER PENNINGTON LANETerraced, FreeholdArea: 93 Sq.mtrAge: 1976-1982	05 Sep 2023	£445,000	215.04%
	16 Dec 1998	£141,250	First Sale
FERN HOUSE LOWER PENNINGTON LANEDetached, Freehold	16 Aug 2022	£1,140,000	77.29%
FERN HOUSE LOWER PENNINGTON LANEDetached, Freehold	20 Jul 2007	£643,000	First Sale
3, RIDGEWAY COURT LOWER PENNINGTON LANEFlat, LeaseholdArea: 65 Sq.mtrAge: 1976-1982	07 Mar 2022	£315,000	54.41%
	05 Aug 2004	£204,000	First Sale
5, GAINSBOROUGH COURT LOWER PENNINGTON LANETerraced, FreeholdArea: 107 Sq.mtrAge: 1983-1990	31 Aug 2021	£507,000	33.42%
	22 Mar 2019	£380,000	First Sale
7, GAINSBOROUGH COURT LOWER PENNINGTON LANETerraced, FreeholdArea: 93 Sq.mtrAge: 1976-1982	31 Jul 2018	£395,000	54.90%
	24 Oct 2006	£255,000	20.28%
	16 Jan 2003	£212,000	First Sale
8, GAINSBOROUGH COURT LOWER PENNINGTON LANETerraced, FreeholdArea: 94 Sq.mtrAge: 1976-1982	08 Sep 2016	£415,000	31.75%
	18 Oct 2006	£315,000	First Sale
4, RIDGEWAY COURT LOWER PENNINGTON LANEFlat, LeaseholdArea: 74 Sq.mtrAge: 1967-1975	16 Apr 2008	£235,000	35.06%
	04 May 2007	£174,000	First Sale
HON-LOK-HOEN LOWER PENNINGTON LANEDetached, FreeholdArea: 212 Sq.mtrAge: 1991-1995	09 Jul 2007	£765,000	First Sale
1, GAINSBOROUGH COURT LOWER PENNINGTON LANETerraced, FreeholdArea: 92.3 Sq.mtrAge: 1976-1982	17 Mar 2005	£265,000	First Sale
3, GAINSBOROUGH COURT LOWER PENNINGTON LANETerraced, FreeholdArea: 96 Sq.mtrAge: 1967-1975	23 Jan 2004	£279,000	36.10%
	25 Mar 2003	£205,000	First Sale
RADMERSE LOWER PENNINGTON LANEDetached, Freehold	20 Sep 2000	£249,950	First Sale
6, GAINSBOROUGH COURT LOWER PENNINGTON LANETerraced, FreeholdArea: 90 Sq.mtrAge: 1967-1975	14 Aug 2000	£150,000	First Sale
WISTERIA LOWER PENNINGTON LANEDetached, FreeholdArea: 228 Sq.mtrAge: 1991-1995	30 Sep 1997	£275,000	First Sale

Check out the sold house prices near the SO41 8FU postcode. Properties currently for saleProperties currently for rent

LOWER PENNINGTON LANE, SO41 8FU Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the SO41 8FU 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 SO41 8FU postcode.

Detached
- The average price is around £428,506 median price is £370,000 Standard Deviation is £270,630 with Total Sold: 864
- The Last 5 Year average price is £754,072 with Total Sold: 154
- The most recent sale happened at this postcode is , WYNSTAY RIDGEWAY LANE: £825,000 (Sold on 18 Sep 2024)
- The first recorded sale happened at this postcode is , 71 MILFORD ROAD: £72,500 (Sold on 21 Feb 1995)
Semi-Detached
- The average price is around £304,251 median price is £300,000 Standard Deviation is £144,090 with Total Sold: 156
- The Last 5 Year average price is £492,218 with Total Sold: 25
- The most recent sale happened at this postcode is , WILLOW COTTAGE FOX POND LANE: £650,000 (Sold on 19 Aug 2024)
- The first recorded sale happened at this postcode is , WILLOW COTTAGE FOX POND LANE: £97,000 (Sold on 03 May 1995)
Other
- The average price is around £1,111,098 median price is £840,000 Standard Deviation is £1,310,311 with Total Sold: 11
- The Last 5 Year average price is £845,500 with Total Sold: 4
- The most recent sale happened at this postcode is , 17 MILFORD ROAD: £1,400,000 (Sold on 05 Apr 2024)
- The first recorded sale happened at this postcode is , COURT LODGE NURSING HOME COURT LODGE: £5,000,000 (Sold on 05 Oct 2015)
Terraced
- The average price is around £268,565 median price is £264,250 Standard Deviation is £126,495 with Total Sold: 244
- The Last 5 Year average price is £424,463 with Total Sold: 36
- The most recent sale happened at this postcode is 4, COURT COTTAGES COURT CLOSE: £389,950 (Sold on 08 Mar 2024)
- The first recorded sale happened at this postcode is , 31 GRAFTON GARDENS: £79,500 (Sold on 10 Feb 1995)
Flat
- The average price is around £99,001 median price is £74,000 Standard Deviation is £64,541 with Total Sold: 216
- The Last 5 Year average price is £166,866 with Total Sold: 25
- The most recent sale happened at this postcode is FLAT 22, HOMEWOOD HOUSE MILFORD ROAD: £70,000 (Sold on 31 Aug 2023)
- The first recorded sale happened at this postcode is FLAT 42, HOMEWOOD HOUSE MILFORD ROAD: £27,000 (Sold on 28 Feb 1995)

Sold Price Trend Over the Years:

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£919,964	£7,301	14
2023	£742,656	£6,531	16
2022	£816,769	£9,161	24
2021	£793,845	£5,971	42
2020	£686,420	£5,458	24
2019	£645,503	£5,226	34
2018	£572,167	£4,796	15
2017	£695,119	£4,640	21
2016	£578,734	£4,743	30
2015	£560,405	£4,122	33
2014	£490,457	£4,329	36
2013	£434,173	£3,522	26
2012	£422,574	£4,147	19
2011	£438,202	£4,172	22
2010	£474,925	£3,730	20
2009	£401,656	£3,552	25
2008	£426,650	£3,660	20
2007	£452,705	£3,763	36
2006	£405,618	£2,977	40
2005	£387,413	£2,643	38
2004	£369,878	£3,802	42
2003	£318,996	£2,728	28
2002	£264,991	£2,280	35
2001	£225,890	£2,100	44
2000	£233,550	£1,705	21
1999	£171,071	£1,399	36
1998	£162,014	£1,416	29
1997	£152,948	£1,154	31
1996	£151,538	£1,033	43
1995	£121,800	£897	20

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£590,000	£4,240	2
2022	£601,812	£5,576	8
2021	£437,106	£4,208	9
2020	£434,333	£4,061	3
2019	£358,000	£4,591	3
2018	£333,350	£3,626	2
2017	£388,125	£4,221	8
2016	£467,500	£8,330	2
2015	£416,333	£3,379	3
2014	£374,490	£4,073	5
2013	£326,625	£3,034	8
2012	£313,750	£3,381	2
2011	£332,694	£3,293	9
2010	£339,167	£4,626	3
2009	£345,556	£5,388	9
2008	£447,500	£3,466	4
2007	£334,859	£3,420	16
2006	£291,100	£3,018	5
2005	£215,833	£2,876	3
2004	£245,333	£2,380	6
2003	£213,333	£2,512	3
2002	£179,571	£1,821	7
2001	£148,929	£1,753	7
2000	£145,786	£1,442	7
1999	£151,167	£1,343	3
1998	£103,750	£1,313	4
1997	£99,742	£1,013	6
1996	£77,500	£655	2
1995	£94,664	£1,116	7

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£1,400,000		1
2022	£857,000		1
2021	£562,500	£1,645	2
2017	£563,667	£4,167	3
2016	£716,359	£3,274	3
2015	£5,000,000		1

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£389,950	£4,814	1
2023	£423,420	£4,927	5
2022	£481,438	£5,447	8
2021	£426,195	£3,863	10
2020	£338,286	£3,572	7
2019	£458,431	£3,930	5
2018	£381,857	£3,825	7
2017	£351,846	£3,607	13
2016	£353,883	£4,276	9
2015	£347,950	£4,012	10
2014	£301,714	£2,942	14
2013	£262,782	£3,500	14
2012	£290,167	£2,805	6
2011	£295,056	£3,837	9
2010	£275,650	£2,605	10
2009	£286,854	£4,029	12
2008	£264,600	£3,334	5
2007	£290,111	£3,495	9
2006	£245,545	£2,775	11
2005	£273,112	£2,506	4
2004	£251,000	£2,557	5
2003	£203,667	£2,296	6
2002	£180,573	£1,783	11
2001	£154,583		3
2000	£142,629	£1,464	7
1999	£113,889	£1,258	9
1998	£112,033	£1,114	6
1997	£93,687	£935	11
1996	£89,300	£940	10
1995	£80,857	£761	7

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£134,730	£2,933	5
2022	£191,750	£3,324	2
2021	£176,286	£3,925	7
2020	£181,417	£2,885	6
2019	£158,400	£3,095	5
2018	£189,375	£3,348	4
2017	£186,900	£3,036	5
2016	£127,071	£2,162	7
2015	£103,806	£1,854	8
2014	£127,222	£2,450	9
2013	£90,292	£2,178	6
2012	£105,833	£2,362	6
2011	£111,799	£3,121	5
2010	£145,555	£3,060	9
2009	£63,875	£1,588	4
2008	£151,500	£2,507	5
2007	£157,967	£2,635	15
2006	£95,300	£1,934	5
2005	£95,500	£2,194	7
2004	£127,500	£2,354	6
2003	£79,336	£1,817	11
2002	£71,895	£1,538	10
2001	£52,836	£1,371	11
2000	£49,950	£1,107	10
1999	£44,632	£887	11
1998	£37,143	£929	7
1997	£34,250	£876	8
1996	£29,500	£569	14
1995	£25,875	£695	8

House Type in SO41 8FU area

The most common house types in the SO41 8FU postcode area are Detached (110), Terraced (12), and temporary structure (12).

Total	147
Detached	110
Terraced	12
temporary structure	12
Flat	6
Semi-detached	5
Shared house	1
commercial building	1
converted building	0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns outright (94), and Owned: Owns with a mortgage or loan (26).

Owned: Owns outright	94
Owned: Owns with a mortgage or loan	26
Private rented: Private landlord or letting agency	16
Private rented: Other private rented	6
Social rented: Other social rented	3
Does not apply	0
Shared ownership: Shared ownership	0
Social rented: Rents from council or Local Authority	0
Lives rent free	0

Number of People in a Household

The most houses in the SO41 8FU have 2 people in household (88), and 1 person in household (35).

2 people in household	88
1 person in household	35
3 people in household	10
4 people in household	7
5 people in household	5
6 people in household	2
0 people in household	0
7 people in household	0
8 or more people in household	0