According to the public record, 1, Merton Grove, Ringwood is a mid-century freehold house with 1,119 ft2 of internal area and sits on a 320 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Merton Grove, Ringwood, BH24 is located in the borough of New Forest within the BH24 postal district.
1, Merton Grove, Ringwood has 2 entries in the Land Registry database, most recently in March 2023 and a single entry in the EPC database dated January 2015.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 1 Merton Grove Ringwood as £350,527 and the rental value as £1,480 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of 1 Merton Grove Ringwood has increased by £3,451 (1.0%) and its rental value has increased by £60 per month (4.0%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 1, Merton Grove, Ringwood is in very good condition we estimate a sale value of £368,054 and rental value of £1,554 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £325,990 and a rental value of £1,376 per month.
If you were able to purchase this property for the estimated value of £350,527, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,723 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, 1, Merton Grove, Ringwood sits on a plot of 320m2.
We have plot size data on 10 out of 12 other houses in the postcode and 1, Merton Grove, Ringwood sits on the largest plot.
According to HM Land Registry, 1, Merton Grove, Ringwood was last sold on 28 Mar 2023 for £315,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Mar 2023, the market for similar properties has dropped 1.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Merton Grove, Ringwood within a radius of 860 metres over the last 2 years.
The most recent example is 8, Merton Grove, Ringwood, BH24 1BY, a Freehold house which sold for £415,000 in Mar 2022.
Read more about house prices in BH24.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Merton Grove, Ringwood, BH24 has a total of 12 addresses. According to our analysis of all the public data, 1, Merton Grove, Ringwood is the 10th largest and the 11th most expensive property on the street.
When compared to the postcode district it is £158k less expensive than the average property in BH24.
1, Merton Grove, Ringwood has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 20 Jan 2015.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 1, Merton Grove, Ringwood is Hinton Admiral station which is 12.2 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 1, Merton Grove, Ringwood, 39.7% of property is privately owned outright and 27.4% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 1, Merton Grove, Ringwood, 12.4% of residents are recorded as possessing school level qualifications and 31.7% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 1, Merton Grove, Ringwood, the average age was 46.2 and the most common age was 57.
The graph below shows how this compares to South East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 1, Merton Grove, Ringwood, 0.7% of property was a second home.
Comparison figures for South East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 1, Merton Grove, Ringwood, there are an average of 1.4 cars per household.
See below for how this compares to South East and the rest of England & Wales.