THE NEW HOUSE, MAIN ROAD, WELLOW, YARMOUTH, PO41 0TD - £485,000

THE NEW HOUSE is a small extended detached house of 95m², built sometime between 1967 and 1975. It was last sold for £485,000 in September 2021, which was around 30% above the average September 2021 detached price in the Isle of Wight local authority area. The most recent EPC inspection was September 2016, where the current energy rating was E, and the potential energy rating was A.

THE NEW HOUSE Sold Prices

Land registry data shows two sales for THE NEW HOUSE 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 THE NEW HOUSE 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
2021 30 SEP	£485,000	£372,037	30% above HPI
2015 20 FEB	£275,000	£265,777	3% above HPI

THE NEW HOUSE 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 THE NEW HOUSE sales from February 2015 and September 2021 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 February 2015 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the September 2021 sale, where it rises to 30% above the HPI. The line then continues to track at 30% above the HPI.

How Large is THE NEW HOUSE?

THE NEW HOUSE is 95m², which includes one extension, according to the EPC inspection conducted in September 2016. This puts it in the smallest 30% of detached houses in Wellow, based on EPC data. The below chart shows the distribution of detached houses by size in Wellow, and where THE NEW HOUSE lies on this distribution: 23% of detached houses are smaller than THE NEW HOUSE, and 73% of houses are larger. Note that EPC data is not available for all properties in Wellow.

THE NEW HOUSE: Plot and Title Map

THE NEW HOUSE sits on a plot of roughly 0.351 of an acre, or 1,422m². The below map shows the location of THE NEW HOUSE, 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 THE NEW HOUSE). 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 THE NEW HOUSE?

THE NEW HOUSE is located on MAIN ROAD in WELLOW, in the PO41 postcode district. The below map shows the position of THE NEW HOUSE on MAIN ROAD.