POLICE have launched an investigation after a rare Ferrari crashed in North Warnborough killing a 13-year-old boy.

Officers were called to reports of a single vehicle accident on the access road that leads to Newlyns and Lodge Farms, on Hook Road, at 8.45pm on Monday, August 22.

On arrival they found a red Ferrari F50 which had collided with wooden fence posts at the side of the road.

Two people were in the car at the time of the crash, a 37-year-old man from Surrey and a 13-year-old boy from the Winchester area.

The teenager suffered life-threatening injuries and was pronounced dead at the scene.

The driver of the Ferrari F50, who has been named locally as Matt Cobden, suffered serious injuries and is currently in North Hampshire Hospital where his condition is described as stable.

It is not believed that he was related to the teenager.

The incident happened near Mr Cobden’s business, Toy Stor-age, a storage and maintenance facility for luxury and vintage cars from all over the world.

Estimated to be worth around £1.2million, the Ferrari was travelling on a road that is thought to have a 10mph limit, when it crashed.

Only 349 Ferrari F50s were built, between 1995 and 1997, and they now often fetch prices of well over £1m.

The vehicle, which is a sought-after addition to many car collections, can reach 60mph from a standstill in just 3.8 seconds and does less than 10 miles to the gallon.

The last F50, which has a removable hardtop roof, was produced in Ferrari’s Maranello factory, Italy, in July 1997.

A South Central Ambulance Service spokeswoman confirmed they had attended the incident.

“We treated two patients – a young teenager, who was unfortunately pronounced dead at the scene, and a man in his 30s who was assessed and taken to North Hampshire hospital in Basingstoke by road,” she said.

People have paid their respects on social media and flowers have been left at the scene.

Officers from the Serious Collision Investigation Unit have been conducting investigations into the exact

circumstances of the

incident all week and are appealing for anyone who was in the area at the time at the time to come forward.

Anyone with information is asked to call Sgt Richard Grant, at the Serious Collision Investigation Unit on 101, quoting reference 44160315889.

Alternatively people can contact Crimestoppers,

anonymously, on 0800 555 111.