GUNLEY MEDE, HALLETTS SHUTE, NORTON, YARMOUTH, PO41 0RH - £1,950,000

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

GUNLEY MEDE is a very large extended detached house of 362m², built sometime between 1930 and 1949, which could now be worth an estimated £1,902,346. It was last sold for £1,950,000 in January 2024, which was around 374% above the average January 2024 detached price in the Isle of Wight local authority area. The most recent EPC inspection was September 2023, where the current energy rating was D, and the potential energy rating was C.

GUNLEY MEDE Sold Prices

Land registry data shows two sales for GUNLEY MEDE 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 GUNLEY MEDE 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
2024 29 JAN	£1,950,000	£411,120	374% above HPI
1999 15 NOV	£600,000	£105,718	468% above HPI

GUNLEY MEDE 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 GUNLEY MEDE sales from November 1999 and January 2024 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 November 1999 sale was for 468% above the HPI. So the extrapolation line tracks at 468% above the HPI over time, until the January 2024 sale, where it falls to 374% above the HPI. The line then continues to track at 374% above the HPI.

What might GUNLEY MEDE be worth now?

GUNLEY MEDE might now be worth an estimated £1,902,346.

This is based on house price deflation of 2.4%, between January 2024 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 2.4% deflationary decrease is applied to the most recent sale price for GUNLEY MEDE of £1,950,000 on 29th January 2024. For the value to have decreased from £1,950,000 to £1,902,346 over the one month to December 2024, the following assumptions must hold true:

• The value of GUNLEY MEDE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The January 2024 sale price of £1,950,000 represented a fair market value for the property.
• The size, condition, and specification of GUNLEY MEDE has not materially changed since January 2024.

How Large is GUNLEY MEDE?

GUNLEY MEDE is 362m², which includes two extensions, according to the EPC inspection conducted in September 2023. 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 GUNLEY MEDE lies on this distribution: More than 99% of detached houses houses are smaller than GUNLEY MEDE, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Norton.

GUNLEY MEDE: Plot and Title Map

GUNLEY MEDE sits on a plot of roughly 3.9 acres, or 15,794m². The below map shows the location of GUNLEY MEDE, 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 GUNLEY MEDE). 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 GUNLEY MEDE?

GUNLEY MEDE is located on HALLETTS SHUTE in NORTON, in the PO41 postcode district. The below map shows the position of GUNLEY MEDE on HALLETTS SHUTE.