IONA, GULLY ROAD, SEAVIEW, PO34 5BY - £540,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

IONA is a very large detached house of 200m², built sometime between 2003 and 2006. It was last sold for £540,000 in November 2017, which was around 75% above the average November 2017 detached price in the Isle of Wight local authority area. The most recent EPC inspection was October 2023, where the current energy rating was C, and the potential energy rating was B.

IONA Sold Prices

Land registry data shows two sales for IONA 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 IONA 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
2017 3 NOV	£540,000	£308,199	75% above HPI
2007 30 MAR	£240,000	£258,789	7% below HPI

IONA 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 IONA sales from March 2007 and November 2017 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 March 2007 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the November 2017 sale, where it rises to 75% above the HPI. The line then continues to track at 75% above the HPI.

How Large is IONA?

IONA is 200m² according to the EPC inspection conducted in October 2023. This puts it in the largest 10% of detached houses in Nettlestone, based on EPC data. The below chart shows the distribution of detached houses by size in Nettlestone, and where IONA lies on this distribution: 97% of detached houses are smaller than IONA, and 3% of houses are larger. Note that EPC data is not available for all properties in Nettlestone.

IONA: Plot and Title Map

IONA sits on a plot of roughly 0.170 of an acre, or 690m². The below map shows the location of IONA, 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 IONA). 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 IONA?

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