8, ASHTREE WAY, SEAVIEW, PO34 5JQ - £290,000

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.

8 ASHTREE WAY is a very small detached house of 70m², built sometime between 1967 and 1975, which could now be worth an estimated £371,051. It was last sold for £290,000 in September 2019, which was around 9% below the average September 2019 detached price in the Isle of Wight local authority area. The most recent EPC inspection was September 2013, where the current energy rating was D, and the potential energy rating was B.

8 ASHTREE WAY Sold Prices

Land registry data shows five sales for 8 ASHTREE WAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. All of the five 8 ASHTREE WAY 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 5 SEP	£290,000	£318,187	9% below HPI
2019 28 JUN	£285,000	£317,990	10% below HPI
2013 16 OCT	£235,000	£250,662	6% below HPI
2007 3 SEP	£215,000	£264,609	19% below HPI
1997 10 FEB	£59,000	£71,222	17% below HPI

8 ASHTREE WAY 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 five 8 ASHTREE WAY sales between February 1997 and September 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 June 2019 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the September 2019 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 8 ASHTREE WAY be worth now?

8 ASHTREE WAY might now be worth an estimated £371,051.

This is based on house price inflation of 27.9%, between September 2019 and February 2025, 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 27.9% inflationary increase is applied to the most recent sale price for 8 ASHTREE WAY of £290,000 on 5th September 2019. For the value to have increased from £290,000 to £371,051 over the six years and seven months to February 2025, the following assumptions must hold true:

• The value of 8 ASHTREE WAY has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The September 2019 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of 8 ASHTREE WAY has not materially changed since September 2019.

How Large is 8 ASHTREE WAY?

8 ASHTREE WAY is 70m² according to the EPC inspection conducted in September 2013. This puts it in the smallest 10% of detached houses houses in Nettlestone, based on EPC data. The below chart shows the distribution of detached houses houses by size in Nettlestone, and where 8 ASHTREE WAY lies on this distribution: 6% of detached houses houses are smaller than 8 ASHTREE WAY, and 93% of houses are larger. Note that EPC data is not available for all properties in Nettlestone.

8 ASHTREE WAY: Plot and Title Map

8 ASHTREE WAY sits on a plot of roughly 0.089 of an acre, or 360m². The below map shows the location of 8 ASHTREE WAY, 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 8 ASHTREE WAY). 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 8 ASHTREE WAY?

8 ASHTREE WAY is located in SEAVIEW, in the PO34 postcode district. The below map shows the position of No. 8 on ASHTREE WAY.