ALA MAR, PRIORY DRIVE, SEAVIEW, PO34 5EA - £455,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

ALA MAR is a large detached house of 122m², built sometime between 1967 and 1975. It was last sold for £455,000 in May 2024, which was around 13% above the average May 2024 detached price in the Isle of Wight local authority area. The most recent EPC inspection was January 2023, where the current energy rating was D, and the potential energy rating was B.

ALA MAR Sold Prices

Land registry data shows three sales for ALA MAR 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 ALA MAR 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
2024 8 MAY	£455,000	£402,201	13% above HPI
2002 9 APR	£215,000	£153,434	40% above HPI
1996 6 DEC	£106,000	£71,212	49% above HPI

ALA MAR 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 ALA MAR sales between December 1996 and May 2024 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 April 2002 sale was for 40% above the HPI. So the extrapolation line tracks at 40% above the HPI over time, until the May 2024 sale, where it falls to 13% above the HPI. The line then continues to track at 13% above the HPI.

How Large is ALA MAR?

ALA MAR is 122m² according to the EPC inspection conducted in January 2023. This puts it in the largest 30% of detached houses in Nettlestone, based on EPC data. The below chart shows the distribution of detached houses by size in Nettlestone, and where ALA MAR lies on this distribution: 72% of detached houses are smaller than ALA MAR, and 28% of houses are larger. Note that EPC data is not available for all properties in Nettlestone.

ALA MAR: Plot and Title Map

ALA MAR sits on a plot of roughly 0.205 of an acre, or 830m². The below map shows the location of ALA MAR, 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 ALA MAR). 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 ALA MAR?

ALA MAR is located on PRIORY DRIVE in SEAVIEW, in the PO34 postcode district. The below map shows the position of ALA MAR on PRIORY DRIVE.