HEATHERCOT, CRANMORE AVENUE, CRANMORE, YARMOUTH, PO41 0XR - £230,000

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

HEATHERCOT is a very small detached house of 68m², built sometime between 1900 and 1929, which could now be worth an estimated £363,693. It was last sold for £230,000 in February 2014, which was around 9% below the average February 2014 detached price in the Isle of Wight local authority area. The most recent EPC inspection was August 2012, where the current energy rating was F, and the potential energy rating was B.

HEATHERCOT Sold Prices

Land registry data shows two sales for HEATHERCOT 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 HEATHERCOT sales were 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
2014 7 FEB	£230,000	£253,639	9% below HPI
2009 30 JAN	£210,000	£234,091	10% below HPI

HEATHERCOT 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 HEATHERCOT sales from January 2009 and February 2014 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 2009 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the February 2014 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might HEATHERCOT be worth now?

HEATHERCOT might now be worth an estimated £363,693.

This is based on house price inflation of 58.1%, between February 2014 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 58.1% inflationary increase is applied to the most recent sale price for HEATHERCOT of £230,000 on 7th February 2014. For the value to have increased from £230,000 to £363,693 over the nine years and two months to December 2024, the following assumptions must hold true:

• The value of HEATHERCOT has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The February 2014 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of HEATHERCOT has not materially changed since February 2014.

How Large is HEATHERCOT?

HEATHERCOT is 68m² according to the EPC inspection conducted in August 2012. This puts it in the smallest 20% of detached houses houses in Cranmore, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cranmore, and where HEATHERCOT lies on this distribution: 15% of detached houses houses are smaller than HEATHERCOT, and 85% of houses are larger. Note that EPC data is not available for all properties in Cranmore.

HEATHERCOT: Plot and Title Map

HEATHERCOT sits on a plot of roughly 0.972 of an acre, or 3,934m². The below map shows the location of HEATHERCOT, 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 HEATHERCOT). 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 HEATHERCOT?

HEATHERCOT is located on CRANMORE AVENUE in CRANMORE, in the PO41 postcode district. The below map shows the position of HEATHERCOT on CRANMORE AVENUE.