40, ORCHARD ROAD, SEAVIEW, PO34 5JJ - £265,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

40 ORCHARD ROAD is a large detached house of 114m², built sometime between 1950 and 1966, which could now be worth an estimated £376,807. It was last sold for £265,000 in June 2015, which was around 1% below the average June 2015 detached price in the Isle of Wight local authority area. The most recent EPC inspection was June 2016, where the current energy rating was E, and the potential energy rating was C.

40 ORCHARD ROAD Sold Prices

Land registry data shows two sales for 40 ORCHARD ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. Both of the two 40 ORCHARD ROAD sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2015 29 JUN	£265,000	£268,428	1% below HPI
2014 17 JUN	£200,000	£266,270	25% below HPI

40 ORCHARD ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Isle of Wight local authority area over time, sourced from the HPI. The two 40 ORCHARD ROAD sales from June 2014 and June 2015 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the June 2014 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the June 2015 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 40 ORCHARD ROAD be worth now?

40 ORCHARD ROAD might now be worth an estimated £376,807.

This is based on house price inflation of 42.2%, between June 2015 and March 2026, for detached houses, in the Isle of Wight local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 42.2% inflationary increase is applied to the most recent sale price for 40 ORCHARD ROAD of £265,000 on 29th June 2015. For the value to have increased from £265,000 to £376,807 over the eleven years and three months to March 2026, the following assumptions must hold true:

• The value of 40 ORCHARD ROAD has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The June 2015 sale price of £265,000 represented a fair market value for the property.
• The size, condition, and specification of 40 ORCHARD ROAD has not materially changed since June 2015.

How Large is 40 ORCHARD ROAD?

40 ORCHARD ROAD is 114m² according to the EPC inspection conducted in June 2016. This puts it in the largest 40% of detached houses houses in Nettlestone, based on EPC data. The below chart shows the distribution of detached houses houses by size in Nettlestone, and where 40 ORCHARD ROAD lies on this distribution: 65% of detached houses houses are smaller than 40 ORCHARD ROAD, and 34% of houses are larger. Note that EPC data is not available for all properties in Nettlestone.

40 ORCHARD ROAD: Plot and Title Map

40 ORCHARD ROAD sits on a plot of roughly 0.132 of an acre, or 533m². The below map shows the location of 40 ORCHARD ROAD, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 40 ORCHARD ROAD). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 40 ORCHARD ROAD?

40 ORCHARD ROAD is located in SEAVIEW, in the PO34 postcode district. The below map shows the position of No. 40 on ORCHARD ROAD.