3, CHERRYTREE ROAD, SEAVIEW, PO34 5JF - £267,000

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.

3 CHERRYTREE ROAD is a small detached house of 87m², built sometime between 1950 and 1966, which could now be worth an estimated £314,245. It was last sold for £267,000 in February 2020, which was around 18% below the average February 2020 detached price in the Isle of Wight local authority area. The most recent EPC inspection was September 2018, where the current energy rating was E, and the potential energy rating was B.

3 CHERRYTREE ROAD Sold Prices

Land registry data shows three sales for 3 CHERRYTREE ROAD 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 3 CHERRYTREE 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
2020 21 FEB	£267,000	£324,297	18% below HPI
2020 21 FEB	£315,000	£324,297	3% below HPI
2019 7 MAR	£240,000	£317,307	24% below HPI

What might 3 CHERRYTREE ROAD be worth now?

3 CHERRYTREE ROAD might now be worth an estimated £314,245.

This is based on house price inflation of 17.7%, between February 2020 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 17.7% inflationary increase is applied to the most recent sale price for 3 CHERRYTREE ROAD of £267,000 on 21st February 2020. For the value to have increased from £267,000 to £314,245 over the five years and eleven months to March 2026, the following assumptions must hold true:

• The value of 3 CHERRYTREE ROAD has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The February 2020 sale price of £267,000 represented a fair market value for the property.
• The size, condition, and specification of 3 CHERRYTREE ROAD has not materially changed since February 2020.

How Large is 3 CHERRYTREE ROAD?

3 CHERRYTREE ROAD is 87m² according to the EPC inspection conducted in September 2018. This puts it in the smallest 40% of detached houses in Nettlestone, based on EPC data. The below chart shows the distribution of detached houses by size in Nettlestone, and where 3 CHERRYTREE ROAD lies on this distribution: 33% of detached houses are smaller than 3 CHERRYTREE ROAD, and 65% of detached houses are larger. Note that EPC data is not available for all properties in Nettlestone.

3 CHERRYTREE ROAD: Plot

3 CHERRYTREE ROAD sits on a plot of roughly 0.106 of an acre, or 428m².

Where is 3 CHERRYTREE ROAD?

3 CHERRYTREE ROAD is located in SEAVIEW, in the PO34 postcode district.