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

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.

LONE OAK is a midsized extended detached house of 95m², built sometime between 1930 and 1949, which could now be worth an estimated £358,769. It was last sold for £248,000 in February 2016, which was around 12% 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	£281,420	12% below HPI
2003 28 FEB	£140,000	£181,623	23% below HPI
1995 31 MAR	£40,000	£67,531	41% 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 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the February 2016 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might LONE OAK be worth now?

LONE OAK might now be worth an estimated £358,769.

This is based on house price inflation of 44.7%, between February 2016 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 44.7% inflationary increase is applied to the most recent sale price for LONE OAK of £248,000 on 8th February 2016. For the value to have increased from £248,000 to £358,769 over the nine years to February 2025, the following assumptions must hold true:

• The value of LONE OAK has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The February 2016 sale price of £248,000 represented a fair market value for the property.
• The size, condition, and specification of LONE OAK has not materially changed since February 2016.

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 houses in Nettlestone, based on EPC data. The below chart shows the distribution of detached houses houses by size in Nettlestone, and where LONE OAK lies on this distribution: 46% of detached houses 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.