ELM PLACE, UPPER LANE, BRIGHSTONE, NEWPORT, PO30 4BA - £580,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

ELM PLACE is a very large extended detached house of 168m², built sometime between 1983 and 1990, which could now be worth an estimated £783,404. It was last sold for £580,000 in August 2017, which was around 95% above the average August 2017 detached price in the Isle of Wight local authority area. The most recent EPC inspection was February 2010, where the current energy rating was E, and the potential energy rating was E.

ELM PLACE Sold Prices

Land registry data shows three sales for ELM PLACE 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 ELM PLACE 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
2017 14 AUG	£580,000	£296,938	95% above HPI
2010 7 JUN	£497,000	£245,946	102% above HPI
2006 29 NOV	£477,000	£249,202	91% above HPI

ELM PLACE 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 ELM PLACE sales between November 2006 and August 2017 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 2010 sale was for 102% above the HPI. So the extrapolation line tracks at 102% above the HPI over time, until the August 2017 sale, where it falls to 95% above the HPI. The line then continues to track at 95% above the HPI.

What might ELM PLACE be worth now?

ELM PLACE might now be worth an estimated £783,404.

This is based on house price inflation of 35.1%, between August 2017 and December 2024, 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 35.1% inflationary increase is applied to the most recent sale price for ELM PLACE of £580,000 on 14th August 2017. For the value to have increased from £580,000 to £783,404 over the six years and eight months to December 2024, the following assumptions must hold true:

• The value of ELM PLACE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The August 2017 sale price of £580,000 represented a fair market value for the property.
• The size, condition, and specification of ELM PLACE has not materially changed since August 2017.

How Large is ELM PLACE?

ELM PLACE is 168m², which includes one extension, according to the EPC inspection conducted in February 2010. This puts it in the largest 20% of detached houses houses in Brighstone, based on EPC data. The below chart shows the distribution of detached houses houses by size in Brighstone, and where ELM PLACE lies on this distribution: 90% of detached houses houses are smaller than ELM PLACE, and 10% of houses are larger. Note that EPC data is not available for all properties in Brighstone.

ELM PLACE: Plot and Title Map

ELM PLACE sits on a plot of roughly 0.585 of an acre, or 2,368m². The below map shows the location of ELM PLACE, 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 ELM PLACE). 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 ELM PLACE?

ELM PLACE is located on UPPER LANE in BRIGHSTONE, in the PO30 postcode district. The below map shows the position of ELM PLACE on UPPER LANE.