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Milford-on-Sea market report SO41, Lymington
The standing SO41 (Milford-on-Sea) property market report, rebuilt from the full public record every month. The raw material for this page is 22,482 HM Land Registry entries for SO41 (Lymington), going back to 1995: each an actual purchase at an actual price. Rents come from the ONS. Valuations, estimates and asking prices appear nowhere in it.
Sales data to July 2026. Rents: ONS, May 2026. Regenerated with every monthly data refresh.
In short: the middle 2026 sale in SO41 (Lymington) came in at £500,000, out of 208 registered, up 5% on five years earlier, and the mean stands at £565,500, and by floor area homes here have averaged about £5,400 per square metre over the last five years. The record behind it is 22,482 completed sales lodged with HM Land Registry since 1995, monthly refreshed, with no valuations or asking prices anywhere in the figures.
The postcode district SO41 covering Lymington, Milford-on-Sea, Pennington sits in Lymington. A district is the workhorse unit for reading a market: local enough to be meaningful, busy enough that the medians rest on a steady flow of sales.
Where SO41 sits
Shaded by median price on the same scale as the average prices map. Click any shape to open it on the live map with every sale plotted at its address, or zoom in past street level to see the sold homes right here.
Today's SO41 prices, from the sold record
Take the 208 registered 2026 sales in SO41 and the middle price, the median, is £500,000. The mean lands at £565,500, a little above it, the familiar pattern where pricier homes stretch the average.
Price per square metre in SO41
Averaged across five years of sales, floor space in SO41 costs about £5,400 per square metre. Each sale's Energy Performance Certificate supplies the floor area, and pricing by the metre is what lets flats and houses share one scale.
Set against the £285,000 England and Wales median, SO41 sits 75% above the national market.
A typical SO41 home, priced year by year (1995 to 2026)
The cash median beside its inflation-adjusted twin (ONS CPIH). The adjusted line answers the harder question, whether homes really got dearer. Hover for the figures; the legend toggles each series.
See this chart as a table
| Year | Median (cash) | Median (today's £) | Sales |
|---|---|---|---|
| 2026 | £500,000 | £500,000 | 208 |
| 2025 | £482,800 | £494,345 | 555 |
| 2024 | £530,000 | £563,499 | 484 |
| 2023 | £525,000 | £576,847 | 428 |
| 2022 | £565,000 | £662,527 | 561 |
| 2021 | £475,000 | £601,411 | 860 |
| 2020 | £480,000 | £622,810 | 625 |
| 2019 | £422,500 | £553,796 | 545 |
| 2018 | £406,500 | £541,872 | 610 |
| 2017 | £410,000 | £559,199 | 716 |
| 2016 | £375,000 | £524,629 | 698 |
| 2015 | £355,000 | £501,615 | 710 |
| 2014 | £327,000 | £463,907 | 747 |
| 2013 | £286,500 | £412,245 | 638 |
| 2012 | £295,000 | £434,203 | 578 |
| 2011 | £300,000 | £452,885 | 571 |
| 2010 | £295,000 | £462,636 | 644 |
| 2009 | £275,000 | £442,065 | 553 |
| 2008 | £300,000 | £491,763 | 521 |
| 2007 | £295,000 | £500,402 | 898 |
| 2006 | £270,000 | £468,686 | 935 |
| 2005 | £254,800 | £453,441 | 733 |
| 2004 | £250,000 | £454,049 | 836 |
| 2003 | £231,000 | £425,558 | 792 |
| 2002 | £198,000 | £372,535 | 945 |
| 2001 | £167,000 | £321,049 | 912 |
| 2000 | £148,000 | £290,450 | 797 |
| 1999 | £117,200 | £233,573 | 978 |
| 1998 | £107,500 | £216,996 | 800 |
| 1997 | £95,000 | £194,826 | 991 |
| 1996 | £85,000 | £179,261 | 895 |
| 1995 | £82,000 | £178,255 | 718 |
In cash terms the typical SO41 home went from £82,000 in 1995 to £500,000 in 2026, roughly 6 times the price. Inflation explains only part of it: in today's money the rise is still about 180%, a genuine increase in what a home here costs. In inflation-adjusted terms the high-water mark was 2022. The market now sits about 25% below it, so a peak-time purchase has yet to recover its real value.
Year-on-year change in the SO41 median
Each bar is the change on the year before, in cash. The zero line is the boundary between rising and falling.
The strongest year on record here is 2000 (+26.3% on the year before); the weakest, 2025 (−8.9%). Single-year swings like these are why the annualised table below matters more than any one year's headline.
The long view: annualised growth
| Period | Cash, per year | Real terms, per year |
|---|---|---|
| 1 years (since 2025) | +3.6% | +1.1% |
| 5 years (since 2021) | +1.0% | −3.6% |
| 10 years (since 2016) | +2.9% | −0.5% |
| 20 years (since 2006) | +3.1% | +0.3% |
Each row is compound annual growth of the median; ONS CPIH supplies the real-terms deflator. Annualising irons out the cycle, which the chart above shows in full, and past growth records what happened rather than predicting anything.
Detached, semi, terraced, flat: four markets in one
A single median hides the split beneath it. Sales of detached houses dominate the record here, 45% of the typed total. A detached home currently trades at £675,000 against £256,000 for a flat, 2.6 times the price.
Median by property type, SO41
One line per type, years with too few sales omitted. Hover for the year's figures; click a legend entry to isolate a type.
| Type | Median (2026) | Sales that year | All-time sales |
|---|---|---|---|
| Detached | £675,000 | 101 | 10,078 |
| Semi-detached | £410,000 | 43 | 4,503 |
| Terraced | £360,000 | 33 | 3,705 |
| Flats | £256,000 | 31 | 4,196 |
The turnover behind the prices
The year-by-year sales count
Each bar is a year's recorded sales. 2008's dip is the financial crisis, and the newest bar always grows for a while as late registrations arrive.
The monthly pulse, last five years
Sales as they reached the register each month. Expect the seasonal sawtooth, and discount the newest months while late entries land.
SO41 recorded 470 sales in the last twelve months of data. Like most of England and Wales, turnover never fully recovered from 2008: the market here averaged 856 sales a year before the financial crisis and 447 a year over the last five. Price without volume misleads: a median built on few sales jumps around, and one street can tilt it. Keep in mind too that the latest year is still filling in, since sales reach the register weeks or months after completion.
What tenants pay around SO41
The local authority for SO41 is New Forest, and its ONS average private rent currently stands at £1,240 a month (May 2026 figures). Size sets most of the rent: one-beds average £861 a month here against £1,984 for four or more bedrooms.
Average monthly rent by size, New Forest
ONS Price Index of Private Rents, May 2026.
£1,240 a month is £14,880 a year, which against the £500,000 median sold price makes a gross yield of 3.0%. Gross means before letting costs, voids, maintenance and tax: treat it as a ceiling. The ONS publishes rents by local authority, so neighbouring districts under the same authority share these numbers.
Reading the SO41 market
SO41 sits 6 of 23 in its area's price order, well inside the expensive end.
SO41 (Milford-on-Sea): the questions that come up
How much did a house sell for in SO41 (Milford-on-Sea)?
Are property prices falling in SO41 (Milford-on-Sea)?
Is SO41 (Milford-on-Sea) a good place to buy a house?
What happens to SO41 prices now?
That question has no honest answer, only evidence. The evidence: the median is up 5% over five years in cash but down 17% after inflation. Weigh the volume chart alongside the price one before deciding anything, and bear in mind every figure is a completed sale that reached the register weeks after completion.
What is for sale in SO41 right now
Everything above is what homes in SO41 sold for. Turning to what is actually available: 198 homes on the market right now, from 7 agents publishing to HomesIndex, at a typical asking price 11% below the SO41 median sold price.
Of everything listed here, 39% asks less than the sold record of comparable homes. Every listing is measured against recent recorded sales of similar nearby homes.
- Fullerton Road, LYMINGTON, Hampshire,...
- Hordle, Lymington, Hampshire, Lymington
- Pennington, Lymington, Hampshire, Lymington
"Under comparable sales" means the asking price sits below what similar homes nearby actually fetched. Treat it as the start of a conversation, never a valuation, and always view the home.
See every SO41 home for sale on the map →
These asking prices come live from estate agents publishing feeds to HomesIndex, refreshed each Monday and Thursday. They are a sample of the market rather than its entirety, and an asking price is not a sale price.
Moving up a bedroom in SO: the cost
What homes of each size actually sold for across the SO area, from the Land Registry record. The jump between sizes is local: in some areas a third bedroom adds a quarter to the price, in others nearly four fifths, so a national rule of thumb will mislead you here.
| Type | 1 bed | 2 bed | 3 bed | 4 bed | 5 bed |
|---|---|---|---|---|---|
| Detached | — | £369,500 | £515,000 (+39%) | £775,000 (+50%) | £1,194,217 (+54%) |
| Semi-detached | £275,000 | £316,000 (+15%) | £375,000 (+19%) | £495,000 (+32%) | £837,500 (+69%) |
| Terraced | £255,000 | £282,450 (+11%) | £320,000 (+13%) | £480,125 (+50%) | £792,000 (+65%) |
| Flat | £155,000 | £220,000 (+42%) | £387,250 (+76%) | £750,000 (+94%) | — |
Built from the last four years of recorded sales by form and bedroom count. Bedroom counts are estimated from EPC records (the register carries none), so expect a small number of homes one size adrift. Blank cells mean too few homes for the figure to mean anything.
The risers and the fallers
SO41 ranks 10 of 23 in the SO area on five-year growth. The gap between the top and bottom of this chart is the difference between buying well and buying badly in the same city.
SO area districts: five years of change
The biggest risers and fallers in cash terms; every row links to that district's report.
Inside SO41, sector by sector
Postcode sectors are the next slice down, each a group of streets with its own market report. Prices can differ sharply between two sectors a few minutes' walk apart.
| Sector | Median (latest) | Sales that year |
|---|---|---|
| SO41 0 | £502,800 | 64 |
| SO41 3 | £739,500 | 29 |
| SO41 5 | £845,000 | 5 |
| SO41 6 | £580,000 | 26 |
| SO41 8 | £410,000 | 37 |
| SO41 9 | £385,000 | 47 |
How SO41 compares nearby
Same city, different markets. The neighbouring districts of the SO area, dearest first:
| District | Median | 5-year |
|---|---|---|
| SO42 | £790,000 | +11% |
| SO20 | £575,000 | -10% |
| SO22 | £551,200 | -2% |
| SO24 | £525,000 | +7% |
| SO21 | £520,000 | -1% |
| SO41 (this report) | £500,000 | +5% |
| SO43 | £475,000 | +2% |
| SO23 | £450,000 | -8% |
| SO32 | £447,500 | -3% |
| SO51 | £405,000 | -1% |
| SO53 | £380,000 | -1% |
| SO52 | £357,500 | +11% |
| SO31 | £355,000 | -1% |
| SO30 | £347,500 | +9% |
| SO40 | £335,500 | +8% |
| SO50 | £321,000 | +5% |
| SO45 | £315,000 | +2% |
| SO18 | £284,000 | +14% |
| SO16 | £273,000 | +9% |
| SO19 | £265,000 | +10% |
| SO15 | £255,000 | +11% |
| SO17 | £225,000 | -1% |
| SO14 | £200,000 | -2% |
Before you sell in SO41: what the record supports
The sold record beats any estimate as a starting point. Before a house valuation or flat valuation in SO41, open the average prices map and zoom from the SO41 shading down to the sold homes on your own street. Every recorded SO41 sale is on this page; the same Land Registry record is what agents price from, and it is now in your hands.
Estate agents working SO41: the featured spot on this report is free for founding agents, one per district. Claim SO41.
Dig further
Answers come from the same Land Registry data behind this report, and the AI knows you are asking about SO41. Free, with a one click sign in.
Two maps carry on from here: every SO41 sale at its exact address, and the average prices map from area shading down to single homes. The report tool answers a specific question in writing, and each sale's mortgage and rent calculator prices a real purchase.
How this page is made: the statistics are computed from HM Land Registry Price Paid Data (Crown copyright, OGL v3.0), geocoded to address level; inflation adjustment uses the ONS CPIH index; rents are the ONS Price Index of Private Rents at local-authority level. Medians of recorded sales, not valuations. Nothing on this page is financial advice.