LOBELIA COTTAGE, MAIN ROAD, WELLOW, YARMOUTH, PO41 0SZ - £263,000

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.

LOBELIA COTTAGE is a small extended detached house of 114m², built sometime between 1967 and 1975, which could now be worth an estimated £411,438. It was last sold for £263,000 in February 2015, which was around 1% above the average February 2015 detached price in the Isle of Wight local authority area. The most recent EPC inspection was May 2009, where the current energy rating was E, and the potential energy rating was D.

LOBELIA COTTAGE Sold Prices

Land registry data shows two sales for LOBELIA COTTAGE 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 LOBELIA COTTAGE 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
2015 18 FEB	£263,000	£260,237	1% above HPI
2003 12 DEC	£228,200	£204,152	12% above HPI

LOBELIA COTTAGE 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 LOBELIA COTTAGE sales from December 2003 and February 2015 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 December 2003 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the February 2015 sale, where it falls to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might LOBELIA COTTAGE be worth now?

LOBELIA COTTAGE might now be worth an estimated £411,438.

This is based on house price inflation of 56.4%, between February 2015 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 56.4% inflationary increase is applied to the most recent sale price for LOBELIA COTTAGE of £263,000 on 18th February 2015. For the value to have increased from £263,000 to £411,438 over the ten years to February 2025, the following assumptions must hold true:

• The value of LOBELIA COTTAGE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The February 2015 sale price of £263,000 represented a fair market value for the property.
• The size, condition, and specification of LOBELIA COTTAGE has not materially changed since February 2015.

How Large is LOBELIA COTTAGE?

LOBELIA COTTAGE is 114m², which includes one extension, according to the EPC inspection conducted in May 2009. This puts it in the smallest 40% of detached houses houses in Wellow, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wellow, and where LOBELIA COTTAGE lies on this distribution: 37% of detached houses houses are smaller than LOBELIA COTTAGE, and 63% of houses are larger. Note that EPC data is not available for all properties in Wellow.

LOBELIA COTTAGE: Plot and Title Map

LOBELIA COTTAGE sits on a plot of roughly 0.138 of an acre, or 559m². The below map shows the location of LOBELIA COTTAGE, 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 LOBELIA COTTAGE). 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 LOBELIA COTTAGE?

LOBELIA COTTAGE is located on MAIN ROAD in WELLOW, in the PO41 postcode district. The below map shows the position of LOBELIA COTTAGE on MAIN ROAD.