CHERRY TREES, WESTHILL LANE, NORTON, YARMOUTH, PO41 0RW - £780,000

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.

CHERRY TREES is a very large detached house of 226m², built sometime between 1967 and 1975, which could now be worth an estimated £733,217. It was last sold for £780,000 in December 2022, which was around 80% above the average December 2022 detached price in the Isle of Wight local authority area. The most recent EPC inspection was April 2019, where the current energy rating was D, and the potential energy rating was C.

CHERRY TREES Sold Prices

Land registry data shows two sales for CHERRY TREES since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. Both of the two CHERRY TREES 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
2022 7 DEC	£780,000	£433,092	80% above HPI
1998 3 SEP	£215,000	£90,341	138% above HPI

CHERRY TREES 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 two CHERRY TREES sales from September 1998 and December 2022 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 September 1998 sale was for 138% above the HPI. So the extrapolation line tracks at 138% above the HPI over time, until the December 2022 sale, where it falls to 80% above the HPI. The line then continues to track at 80% above the HPI.

What might CHERRY TREES be worth now?

CHERRY TREES might now be worth an estimated £733,217.

This is based on house price deflation of 6%, between December 2022 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 6% deflationary decrease is applied to the most recent sale price for CHERRY TREES of £780,000 on 7th December 2022. For the value to have decreased from £780,000 to £733,217 over the three years and ten months to February 2025, the following assumptions must hold true:

• The value of CHERRY TREES has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The December 2022 sale price of £780,000 represented a fair market value for the property.
• The size, condition, and specification of CHERRY TREES has not materially changed since December 2022.

How Large is CHERRY TREES?

CHERRY TREES is 226m² according to the EPC inspection conducted in April 2019. This puts it in the largest 10% of detached houses houses in Norton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Norton, and where CHERRY TREES lies on this distribution: 94% of detached houses houses are smaller than CHERRY TREES, and 6% of houses are larger. Note that EPC data is not available for all properties in Norton.

CHERRY TREES: Plot and Title Map

CHERRY TREES sits on a plot of roughly 0.461 of an acre, or 1,867m². The below map shows the location of CHERRY TREES, 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 CHERRY TREES). 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 CHERRY TREES?

CHERRY TREES is located on WESTHILL LANE in NORTON, in the PO41 postcode district. The below map shows the position of CHERRY TREES on WESTHILL LANE.