MEDLARS, FAIRY ROAD, SEAVIEW, PO34 5HF - £1,800,000

MEDLARS is a very large extended detached house of 277m², built sometime between 1900 and 1929. It was last sold for £1,800,000 in November 2023, which was around 327% above the average November 2023 detached price in the Isle of Wight local authority area. The most recent EPC inspection was June 2023, where the current energy rating was D, and the potential energy rating was C.

MEDLARS Sold Prices

Land registry data shows three sales for MEDLARS 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 MEDLARS 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
2023 30 NOV	£1,800,000	£421,496	327% above HPI
2010 26 FEB	£800,000	£248,727	222% above HPI
1995 4 DEC	£135,000	£69,849	93% above HPI

MEDLARS 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 three MEDLARS sales between December 1995 and November 2023 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 2010 sale was for 222% above the HPI. So the extrapolation line tracks at 222% above the HPI over time, until the November 2023 sale, where it rises to 327% above the HPI. The line then continues to track at 327% above the HPI.

How Large is MEDLARS?

MEDLARS is 277m², which includes one extension, according to the EPC inspection conducted in June 2023. This puts it in the largest 10% of detached houses in Seaview, based on EPC data. The below chart shows the distribution of detached houses by size in Seaview, and where MEDLARS lies on this distribution: 93% of detached houses are smaller than MEDLARS, and 7% of houses are larger. Note that EPC data is not available for all properties in Seaview.

MEDLARS: Plot and Title Map

MEDLARS sits on a plot of roughly 0.305 of an acre, or 1,235m². The below map shows the location of MEDLARS, 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 MEDLARS). 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 MEDLARS?

MEDLARS is located on FAIRY ROAD in SEAVIEW, in the PO34 postcode district. The below map shows the position of MEDLARS on FAIRY ROAD.