LONE OAK, PRIORY DRIVE, SEAVIEW, PO34 5EA - £248,000

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

LONE OAK is a midsized extended detached house of 95m², built sometime between 1930 and 1949. It was last sold for £248,000 in February 2016, which was around 14% below the average February 2016 detached price in the Isle of Wight local authority area. The most recent EPC inspection was May 2011, where the current energy rating was D, and the potential energy rating was D.

LONE OAK Sold Prices

Land registry data shows three sales for LONE OAK since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. All of the three LONE OAK 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
2016 8 FEB	£248,000	£287,411	14% below HPI
2003 28 FEB	£140,000	£185,490	25% below HPI
1995 31 MAR	£40,000	£68,969	42% below HPI

LONE OAK 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 three LONE OAK sales between March 1995 and February 2016 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 February 2003 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the February 2016 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is LONE OAK?

LONE OAK is 95m², which includes one extension, according to the EPC inspection conducted in May 2011. This puts it in the smallest 50% of detached houses in Nettlestone, based on EPC data. The below chart shows the distribution of detached houses by size in Nettlestone, and where LONE OAK lies on this distribution: 46% of detached houses are smaller than LONE OAK, and 54% of houses are larger. Note that EPC data is not available for all properties in Nettlestone.

LONE OAK: Plot and Title Map

LONE OAK sits on a plot of roughly 0.140 of an acre, or 566m². The below map shows the location of LONE OAK, 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 LONE OAK). 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 LONE OAK?

LONE OAK is located on PRIORY DRIVE in SEAVIEW, in the PO34 postcode district. The below map shows the position of LONE OAK on PRIORY DRIVE.