MERIVALE, FAIRY ROAD, SEAVIEW, PO34 5HF - £550,000

MERIVALE is a midsized extended detached house of 140m², built sometime between 1900 and 1929. It was last sold for £550,000 in March 2016, which was around 90% above the average March 2016 detached price in the Isle of Wight local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was B.

MERIVALE Sold Prices

Land registry data shows three sales for MERIVALE 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 MERIVALE 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
2016 31 MAR	£550,000	£289,611	90% above HPI
2011 11 NOV	£405,000	£251,986	61% above HPI
1996 22 MAR	£80,000	£71,164	12% above HPI

MERIVALE 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 MERIVALE sales between March 1996 and March 2016 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 November 2011 sale was for 61% above the HPI. So the extrapolation line tracks at 61% above the HPI over time, until the March 2016 sale, where it rises to 90% above the HPI. The line then continues to track at 90% above the HPI.

How Large is MERIVALE?

MERIVALE is 140m², which includes one extension, according to the EPC inspection conducted in April 2014. This puts it in the smallest 50% of detached houses in Seaview, based on EPC data. The below chart shows the distribution of detached houses by size in Seaview, and where MERIVALE lies on this distribution: 49% of detached houses are smaller than MERIVALE, and 51% of houses are larger. Note that EPC data is not available for all properties in Seaview.

MERIVALE: Plot and Title Map

MERIVALE sits on a plot of roughly 0.067 of an acre, or 273m². The below map shows the location of MERIVALE, 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 MERIVALE). 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 MERIVALE?

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