GARICK HOUSE, GULLY ROAD, SEAVIEW, PO34 5BY - £530,000

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.

GARICK HOUSE is a very large extended detached house of 241m², built sometime between 1996 and 2002, which could now be worth an estimated £675,318. It was last sold for £530,000 in August 2019, which was around 66% above the average August 2019 detached price in the Isle of Wight local authority area. The most recent EPC inspection was March 2019, where the current energy rating was C, and the potential energy rating was B.

GARICK HOUSE Sold Prices

Land registry data shows two sales for GARICK HOUSE 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 GARICK HOUSE 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
2019 28 AUG	£530,000	£319,511	66% above HPI
2011 1 APR	£465,000	£247,340	88% above HPI

GARICK HOUSE 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 GARICK HOUSE sales from April 2011 and August 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 April 2011 sale was for 88% above the HPI. So the extrapolation line tracks at 88% above the HPI over time, until the August 2019 sale, where it falls to 66% above the HPI. The line then continues to track at 66% above the HPI.

What might GARICK HOUSE be worth now?

GARICK HOUSE might now be worth an estimated £675,318.

This is based on house price inflation of 27.4%, between August 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 27.4% inflationary increase is applied to the most recent sale price for GARICK HOUSE of £530,000 on 28th August 2019. For the value to have increased from £530,000 to £675,318 over the six years and six months to February 2025, the following assumptions must hold true:

• The value of GARICK HOUSE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The August 2019 sale price of £530,000 represented a fair market value for the property.
• The size, condition, and specification of GARICK HOUSE has not materially changed since August 2019.

How Large is GARICK HOUSE?

GARICK HOUSE is 241m², which includes one extension, according to the EPC inspection conducted in March 2019. This puts it in the largest 10% of detached houses houses in Nettlestone, based on EPC data. The below chart shows the distribution of detached houses houses by size in Nettlestone, and where GARICK HOUSE lies on this distribution: 99% of detached houses houses are smaller than GARICK HOUSE, and 1% of houses are larger. Note that EPC data is not available for all properties in Nettlestone.

GARICK HOUSE: Plot and Title Map

GARICK HOUSE sits on a plot of roughly 0.159 of an acre, or 644m². The below map shows the location of GARICK HOUSE, 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 GARICK HOUSE). 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 GARICK HOUSE?

GARICK HOUSE is located on GULLY ROAD in SEAVIEW, in the PO34 postcode district. The below map shows the position of GARICK HOUSE on GULLY ROAD.