ELSTED, HEATHFIELD ROAD, BEMBRIDGE, PO35 5UW - £540,000

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.

ELSTED is a midsized detached house of 127m², built sometime between 1930 and 1949, which could now be worth an estimated £527,342. It was last sold for £540,000 in August 2022, which was around 30% above the average August 2022 detached price in the Isle of Wight local authority area. The most recent EPC inspection was July 2016, where the current energy rating was D, and the potential energy rating was B.

ELSTED Sold Prices

Land registry data shows two sales for ELSTED 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 ELSTED 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 28 AUG	£540,000	£416,888	30% above HPI
2018 12 JUN	£412,000	£304,883	35% above HPI

ELSTED 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 ELSTED sales from June 2018 and August 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 June 2018 sale was for 35% above the HPI. So the extrapolation line tracks at 35% above the HPI over time, until the August 2022 sale, where it falls to 30% above the HPI. The line then continues to track at 30% above the HPI.

What might ELSTED be worth now?

ELSTED might now be worth an estimated £527,342.

This is based on house price deflation of 2.3%, between August 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 2.3% deflationary decrease is applied to the most recent sale price for ELSTED of £540,000 on 28th August 2022. For the value to have decreased from £540,000 to £527,342 over the three years and six months to February 2025, the following assumptions must hold true:

• The value of ELSTED has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The August 2022 sale price of £540,000 represented a fair market value for the property.
• The size, condition, and specification of ELSTED has not materially changed since August 2022.

How Large is ELSTED?

ELSTED is 127m² according to the EPC inspection conducted in July 2016. This puts it in the largest 50% of detached houses houses in Bembridge, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bembridge, and where ELSTED lies on this distribution: 58% of detached houses houses are smaller than ELSTED, and 41% of houses are larger. Note that EPC data is not available for all properties in Bembridge.

ELSTED: Plot and Title Map

ELSTED sits on a plot of roughly 0.244 of an acre, or 986m². The below map shows the location of ELSTED, 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 ELSTED). 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 ELSTED?

ELSTED is located on HEATHFIELD ROAD in BEMBRIDGE, in the PO35 postcode district. The below map shows the position of ELSTED on HEATHFIELD ROAD.