Milford on Sea House Prices Milford on Sea House Prices

The average house price in Milford on Sea is £369,571 using HM Land Registry data.

The average property price increased by £302,118 (65.2%) over the last 5 years and increased by £60,382 (8.56%) over the last 12 months.

Over the last year, there were 86 residential property sales – a decrease of 26 transactions (-30.23%) relative to the previous year. The majority of house sales (26) were in the £280,000 - £520,000 range. Then came properties in the £520,000 - £760,000 range, where 22 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 43 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-26,823 (-3%).

In April 2024, there were 24 new estate agency instructions, 11 agreed home sales and 13 property price reductions.

5-Year Average Property Prices in Milford on Sea

65.2%

Property prices in Milford on Sea increased by 65.2% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Milford on Sea Over the Last Year

8.56%

Property prices in Milford on Sea increased by 8.56% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for Milford on Sea - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date).Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Milford on Sea

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Milford on Sea

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Milford on Sea

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Milford on Sea since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Milford on Sea area since 1995.

Recent Property Sales in Milford on Sea

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
Chestnut Cottage, Wayside Close, Milford On Sea, Lymington, Hampshire, SO41 0RN£900,000£848,000-£52,00018 Apr 202322 Nov 2023218 Days
Saltaire, Castle Close, Milford On Sea, Lymington, Hampshire, SO41 0QB£950,000£890,000-£60,00006 Apr 202312 Oct 2023189 Days
7 Downton Lane, Downton, Lymington, Hampshire, SO41 0LG£1,080,000£990,000-£90,00031 Mar 202318 Sep 2023171 Days
57 Shorefield Way, Milford On Sea, Lymington, Hampshire, SO41 0RW£1,500,000£1,475,000-£25,00010 Aug 202315 Sep 202336 Days
19 Downton Lane, Downton, Lymington, Hampshire, SO41 0LG£1,395,000£1,350,000-£45,00020 Jun 202327 Jun 20237 Days
Warren Croft, Barnes Lane, Milford On Sea, Lymington, Hampshire, SO41 0RR£1,800,000£1,700,000-£100,00015 Feb 202331 May 2023105 Days
Field House, Kitwalls Lane, Milford On Sea, Lymington, Hampshire, SO41 0RJ£2,100,000£1,925,000-£175,00025 Feb 202227 Jan 2023336 Days
Ocean Wave, Westminster Road, Milford On Sea, Lymington, Hampshire, SO41 0NX£695,000£668,000-£27,00007 Oct 202205 Jan 202390 Days
Flat 4, Solent Pines, Whitby Road, Milford On Sea, Lymington, Hampshire, SO41 0UX£450,000£405,000-£45,00024 Aug 202220 Dec 2022118 Days
Sea Valley Cottage, New Valley Road, Milford On Sea, Lymington, Hampshire, SO41 0SA£800,000£750,000-£50,00009 Jun 202225 Nov 2022169 Days
Flat 11, Rookcliff, Rookcliff Way, Milford On Sea, Lymington, Hampshire, SO41 0SD£369,950£365,000-£4,95024 Jun 202217 Nov 2022146 Days
Flat 20, Solent Pines, Whitby Road, Milford On Sea, Lymington, Hampshire, SO41 0UX£450,000£446,100-£3,90009 Jul 202211 Nov 2022125 Days
Flat 1, Sea Pines, Victoria Road, Milford On Sea, Lymington, Hampshire, SO41 0NQ£339,950£332,500-£7,45020 Oct 202201 Nov 202212 Days
7 Greenbanks Close, Milford On Sea, Lymington, Hampshire, SO41 0SQ£2,200,000£2,200,000£0001 Jul 202225 Oct 2022116 Days
Beauchamps, Westover Road, Milford On Sea, Lymington, Hampshire, SO41 0PW£1,600,000£1,530,000-£70,00023 May 202220 Oct 2022150 Days
Flat 10, Osborne Court, Victoria Road, Milford On Sea, Lymington, Hampshire, SO41 0NP£349,950£325,000-£24,95029 Jul 202217 Oct 202280 Days
Flat 14, Solent Court, Cornwallis Road, Milford On Sea, Lymington, Hampshire, SO41 0NH£425,000£425,000£0015 Mar 202213 Sep 2022182 Days
34 High Street, Milford On Sea, Lymington, Hampshire, SO41 0QD£410,000£388,000-£22,00007 Jun 202209 Sep 202294 Days
16 Dacres Walk, Milford On Sea, Lymington, Hampshire, SO41 0SL£625,000£625,000£0009 Feb 202208 Jul 2022149 Days
41 Swallow Drive, Milford On Sea, Lymington, Hampshire, SO41 0XG£550,000£540,000-£10,00017 Mar 202204 Jul 2022109 Days

Most Expensive Streets in Milford on Sea

PostcodeStreetAreaAverageNo. of Sales
SO41 0PBBlackbush RoadMilford On Sea£2,623,4403
SO41 0RJKitwalls LaneMilford On Sea£1,593,7504
SO41 0PQKivernell RoadMilford On Sea£1,415,0004
SO41 0PESharvells RoadMilford On Sea£1,276,7068
SO41 0NDWhitby RoadMilford On Sea£1,240,3336
SO41 0RRBarnes LaneMilford On Sea£1,149,0836
SO41 0PDShorefield CrescentMilford On Sea£1,143,3754
SO41 0RPBarnes LaneMilford On Sea£1,123,0005
SO41 0RSGeorge RoadMilford On Sea£1,083,6663
SO41 0PHSea RoadMilford On Sea£1,072,0005

Least Expensive Streets in Milford on Sea

PostcodeStreetAreaAverageNo. of Sales
SO41 0WRHomegrange HouseShingle Bank Drive£113,72211
SO41 0DADanestream HouseSea Road£188,01221
SO41 0AHHigh StreetMilford On Sea£230,1663
SO41 0PRHamilton CourtMilford On Sea£246,0008
SO41 0QGHigh StreetMilford On Sea£252,0833
SO41 0WNAddington CourtKeats Avenue£280,9374
SO41 0NPOsborne CourtVictoria Road£288,7504
SO41 0WANeedles CourtRookcliff Way£295,5004
SO41 0QXGreenleaKeyhaven Road£301,77912
SO41 0UHChampion CloseMilford On Sea£316,0007

Explore Milford on Sea and Neighbouring Area House Prices