LOCKSLEY MEAD, UPPER PRINCES ROAD, FRESHWATER, PO40 9EE - £335,000

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.

LOCKSLEY MEAD is a small extended detached house of 99m², built sometime between 1930 and 1949, which could now be worth an estimated £385,396. It was last sold for £335,000 in November 2020, which was around 5% below the average November 2020 detached price in the Isle of Wight local authority area. The most recent EPC inspection was September 2020, where the current energy rating was E, and the potential energy rating was C.

LOCKSLEY MEAD Sold Prices

Land registry data shows two sales for LOCKSLEY MEAD 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 LOCKSLEY MEAD 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
2020 27 NOV	£335,000	£353,880	5% below HPI
1999 6 MAY	£92,500	£95,680	3% below HPI

LOCKSLEY MEAD 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 LOCKSLEY MEAD sales from May 1999 and November 2020 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 May 1999 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the November 2020 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might LOCKSLEY MEAD be worth now?

LOCKSLEY MEAD might now be worth an estimated £385,396.

This is based on house price inflation of 15%, between November 2020 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 15% inflationary increase is applied to the most recent sale price for LOCKSLEY MEAD of £335,000 on 27th November 2020. For the value to have increased from £335,000 to £385,396 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of LOCKSLEY MEAD has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The November 2020 sale price of £335,000 represented a fair market value for the property.
• The size, condition, and specification of LOCKSLEY MEAD has not materially changed since November 2020.

How Large is LOCKSLEY MEAD?

LOCKSLEY MEAD is 99m², which includes one extension, according to the EPC inspection conducted in September 2020. This puts it in the smallest 40% of detached houses houses in Totland, based on EPC data. The below chart shows the distribution of detached houses houses by size in Totland, and where LOCKSLEY MEAD lies on this distribution: 31% of detached houses houses are smaller than LOCKSLEY MEAD, and 68% of houses are larger. Note that EPC data is not available for all properties in Totland.

LOCKSLEY MEAD: Plot and Title Map

LOCKSLEY MEAD sits on a plot of roughly 0.124 of an acre, or 503m². The below map shows the location of LOCKSLEY MEAD, 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 LOCKSLEY MEAD). 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 LOCKSLEY MEAD?

LOCKSLEY MEAD is located on UPPER PRINCES ROAD in FRESHWATER, in the PO40 postcode district. The below map shows the position of LOCKSLEY MEAD on UPPER PRINCES ROAD.