HOLLY FARM, HALLETTS SHUTE, NORTON, YARMOUTH, PO41 0RH - £975,000

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

HOLLY FARM is a very large extended detached house of 185m², built sometime between 1900 and 1929, which could now be worth an estimated £938,013. It was last sold for £975,000 in August 2022, which was around 134% above the average August 2022 detached price in the Isle of Wight local authority area. The most recent EPC inspection was September 2016, where the current energy rating was E, and the potential energy rating was B.

HOLLY FARM Sold Prices

Land registry data shows two sales for HOLLY FARM 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 HOLLY FARM 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 3 AUG	£975,000	£416,888	134% above HPI
2017 12 APR	£500,000	£293,369	70% above HPI

HOLLY FARM 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 HOLLY FARM sales from April 2017 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 April 2017 sale was for 70% above the HPI. So the extrapolation line tracks at 70% above the HPI over time, until the August 2022 sale, where it rises to 134% above the HPI. The line then continues to track at 134% above the HPI.

What might HOLLY FARM be worth now?

HOLLY FARM might now be worth an estimated £938,013.

This is based on house price deflation of 3.8%, between August 2022 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 3.8% deflationary decrease is applied to the most recent sale price for HOLLY FARM of £975,000 on 3rd August 2022. For the value to have decreased from £975,000 to £938,013 over the one year and eight months to December 2024, the following assumptions must hold true:

• The value of HOLLY FARM has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The August 2022 sale price of £975,000 represented a fair market value for the property.
• The size, condition, and specification of HOLLY FARM has not materially changed since August 2022.

How Large is HOLLY FARM?

HOLLY FARM is 185m², which includes four extensions, according to the EPC inspection conducted in September 2016. This puts it in the largest 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 HOLLY FARM lies on this distribution: 85% of detached houses houses are smaller than HOLLY FARM, and 15% of houses are larger. Note that EPC data is not available for all properties in Norton.

HOLLY FARM: Plot and Title Map

HOLLY FARM sits on a plot of roughly 0.959 of an acre, or 3,879m². The below map shows the location of HOLLY FARM, 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 HOLLY FARM). 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 HOLLY FARM?

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