DORMERS, MITTEN ROAD, BEMBRIDGE, PO35 5UP - £430,000

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.

DORMERS is a midsized extended detached house of 124m², built sometime between 1967 and 1975, which could now be worth an estimated £531,833. It was last sold for £430,000 in March 2020, which was around 32% above the average March 2020 detached price in the Isle of Wight local authority area. The most recent EPC inspection was January 2019, where the current energy rating was D, and the potential energy rating was B.

DORMERS Sold Prices

Land registry data shows three sales for DORMERS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. All of the three DORMERS sales were for above 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
2020 30 MAR	£430,000	£325,587	32% above HPI
2019 23 JUL	£400,000	£313,407	28% above HPI
2011 4 OCT	£360,000	£243,691	48% above HPI

DORMERS 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 three DORMERS sales between October 2011 and March 2020 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 July 2019 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the March 2020 sale, where it rises to 32% above the HPI. The line then continues to track at 32% above the HPI.

What might DORMERS be worth now?

DORMERS might now be worth an estimated £531,833.

This is based on house price inflation of 23.7%, between March 2020 and March 2025, 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 23.7% inflationary increase is applied to the most recent sale price for DORMERS of £430,000 on 30th March 2020. For the value to have increased from £430,000 to £531,833 over the five years to March 2025, the following assumptions must hold true:

• The value of DORMERS has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The March 2020 sale price of £430,000 represented a fair market value for the property.
• The size, condition, and specification of DORMERS has not materially changed since March 2020.

How Large is DORMERS?

DORMERS is 124m², which includes one extension, according to the EPC inspection conducted in January 2019. This puts it in the largest 50% of detached houses houses in Bembridge, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bembridge, and where DORMERS lies on this distribution: 56% of detached houses houses are smaller than DORMERS, and 44% of houses are larger. Note that EPC data is not available for all properties in Bembridge.

DORMERS: Plot and Title Map

DORMERS sits on a plot of roughly 0.181 of an acre, or 731m². The below map shows the location of DORMERS, 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 DORMERS). 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 DORMERS?

DORMERS is located on MITTEN ROAD in BEMBRIDGE, in the PO35 postcode district. The below map shows the position of DORMERS on MITTEN ROAD.