WILLOWS, MORTON OLD ROAD, BRADING, SANDOWN, PO36 0EW - £189,000

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.

WILLOWS is a midsized extended detached house of 93m², built sometime between 1967 and 1975, which could now be worth an estimated £227,201. It was last sold for £189,000 in May 2019, which was around 40% below the average May 2019 detached price in the Isle of Wight local authority area. The most recent EPC inspection was August 2012, where the current energy rating was D, and the potential energy rating was B.

WILLOWS Sold Prices

Land registry data shows four sales for WILLOWS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. All of the four WILLOWS 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
2019 10 MAY	£189,000	£316,015	40% below HPI
2012 26 OCT	£230,000	£247,752	7% below HPI
2003 12 AUG	£158,000	£198,927	21% below HPI
1996 23 FEB	£60,000	£70,148	14% below HPI

WILLOWS 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 four WILLOWS sales between February 1996 and May 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 October 2012 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the May 2019 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

What might WILLOWS be worth now?

WILLOWS might now be worth an estimated £227,201.

This is based on house price inflation of 20.2%, between May 2019 and May 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 20.2% inflationary increase is applied to the most recent sale price for WILLOWS of £189,000 on 10th May 2019. For the value to have increased from £189,000 to £227,201 over the seven years to May 2026, the following assumptions must hold true:

• The value of WILLOWS has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The May 2019 sale price of £189,000 represented a fair market value for the property.
• The size, condition, and specification of WILLOWS has not materially changed since May 2019.

How Large is WILLOWS?

WILLOWS is 93m², which includes one extension, according to the EPC inspection conducted in August 2012. This puts it in the smallest 50% of detached houses houses in Brading, based on EPC data. The below chart shows the distribution of detached houses houses by size in Brading, and where WILLOWS lies on this distribution: 45% of detached houses houses are smaller than WILLOWS, and 54% of houses are larger. Note that EPC data is not available for all properties in Brading.

WILLOWS: Plot and Title Map

WILLOWS sits on a plot of roughly 0.103 of an acre, or 416m². The below map shows the location of WILLOWS, 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 WILLOWS). 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 WILLOWS?

WILLOWS is located on MORTON OLD ROAD in BRADING, in the PO36 postcode district. The below map shows the position of WILLOWS on MORTON OLD ROAD.