MIRIMAR, OLD SEAVIEW LANE, SEAVIEW, PO34 5BG - £350,000

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.

MIRIMAR is a small extended detached house of 126m², built sometime between 1967 and 1975, which could now be worth an estimated £542,492. It was last sold for £350,000 in July 2013, which was around 40% above the average July 2013 detached price in the Isle of Wight local authority area. The most recent EPC inspection was November 2011, where the current energy rating was E, and the potential energy rating was C.

MIRIMAR Sold Prices

Land registry data shows two sales for MIRIMAR 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 MIRIMAR 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
2013 19 JUL	£350,000	£249,151	40% above HPI
1996 6 SEP	£85,000	£70,333	21% above HPI

MIRIMAR 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 MIRIMAR sales from September 1996 and July 2013 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 September 1996 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the July 2013 sale, where it rises to 40% above the HPI. The line then continues to track at 40% above the HPI.

What might MIRIMAR be worth now?

MIRIMAR might now be worth an estimated £542,492.

This is based on house price inflation of 55%, between July 2013 and June 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 55% inflationary increase is applied to the most recent sale price for MIRIMAR of £350,000 on 19th July 2013. For the value to have increased from £350,000 to £542,492 over the twelve years and one month to June 2025, the following assumptions must hold true:

• The value of MIRIMAR has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The July 2013 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of MIRIMAR has not materially changed since July 2013.

How Large is MIRIMAR?

MIRIMAR is 126m², which includes one extension, according to the EPC inspection conducted in November 2011. This puts it in the smallest 40% of detached houses houses in Seaview, based on EPC data. The below chart shows the distribution of detached houses houses by size in Seaview, and where MIRIMAR lies on this distribution: 33% of detached houses houses are smaller than MIRIMAR, and 67% of houses are larger. Note that EPC data is not available for all properties in Seaview.

MIRIMAR: Plot and Title Map

MIRIMAR sits on a plot of roughly 0.176 of an acre, or 712m². The below map shows the location of MIRIMAR, 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 MIRIMAR). 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 MIRIMAR?

MIRIMAR is located on OLD SEAVIEW LANE in SEAVIEW, in the PO34 postcode district. The below map shows the position of MIRIMAR on OLD SEAVIEW LANE.