FLOREAT, WESTHILL LANE, NORTON, YARMOUTH, PO41 0RW - £410,000

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.

FLOREAT is a very small detached house of 91m², built sometime between 1967 and 1975, which could now be worth an estimated £532,590. It was last sold for £410,000 in July 2019, which was around 31% above the average July 2019 detached price in the Isle of Wight local authority area. The most recent EPC inspection was January 2019, where the current energy rating was C, and the potential energy rating was B.

FLOREAT Sold Prices

Land registry data shows two sales for FLOREAT 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. One of the two FLOREAT sales was for above the average price, whilst the other was 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 31 JUL	£410,000	£313,407	31% above HPI
2018 22 JAN	£296,000	£299,314	1% below HPI

FLOREAT 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 FLOREAT sales from January 2018 and July 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 January 2018 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the July 2019 sale, where it rises to 31% above the HPI. The line then continues to track at 31% above the HPI.

What might FLOREAT be worth now?

FLOREAT might now be worth an estimated £532,590.

This is based on house price inflation of 29.9%, between July 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 29.9% inflationary increase is applied to the most recent sale price for FLOREAT of £410,000 on 31st July 2019. For the value to have increased from £410,000 to £532,590 over the six years and five months to February 2025, the following assumptions must hold true:

• The value of FLOREAT has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The July 2019 sale price of £410,000 represented a fair market value for the property.
• The size, condition, and specification of FLOREAT has not materially changed since July 2019.

How Large is FLOREAT?

FLOREAT is 91m² according to the EPC inspection conducted in January 2019. This puts it in the smallest 20% 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 FLOREAT lies on this distribution: 11% of detached houses houses are smaller than FLOREAT, and 88% of houses are larger. Note that EPC data is not available for all properties in Norton.

FLOREAT: Plot and Title Map

FLOREAT sits on a plot of roughly 0.228 of an acre, or 922m². The below map shows the location of FLOREAT, 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 FLOREAT). 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 FLOREAT?

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