FLOREAT, WESTHILL LANE, NORTON, YARMOUTH, PO41 0RW - £410,000

FLOREAT is a very small detached house of 91m², built sometime between 1967 and 1975. It was last sold for £410,000 in July 2019, which was around 28% above the average July 2019 detached price in the Isle of Wight local authority area. The most recent EPC inspection was January 2019, where the current energy rating was C, and the potential energy rating was B.

FLOREAT Sold Prices

Land registry data shows two sales for FLOREAT 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. One of the two FLOREAT sales was for above the average price, whilst the other was 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
2019 31 JUL	£410,000	£320,079	28% above HPI
2018 22 JAN	£296,000	£305,686	3% below HPI

FLOREAT 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 FLOREAT sales from January 2018 and July 2019 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 January 2018 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the July 2019 sale, where it rises to 28% above the HPI. The line then continues to track at 28% above the HPI.

How Large is FLOREAT?

FLOREAT is 91m² according to the EPC inspection conducted in January 2019. This puts it in the smallest 20% of detached houses in Norton, based on EPC data. The below chart shows the distribution of detached houses by size in Norton, and where FLOREAT lies on this distribution: 11% of detached houses are smaller than FLOREAT, and 87% of houses are larger. Note that EPC data is not available for all properties in Norton.

FLOREAT: Plot and Title Map

FLOREAT sits on a plot of roughly 0.228 of an acre, or 922m². The below map shows the location of FLOREAT, 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 FLOREAT). 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 FLOREAT?

FLOREAT is located on WESTHILL LANE in NORTON, in the PO41 postcode district. The below map shows the position of FLOREAT on WESTHILL LANE.