MEMORIES, MOOR LANE, BRIGHSTONE, NEWPORT, PO30 4DL - £399,950

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.

MEMORIES is a very large detached house of 180m², built sometime between 1983 and 1990, which could now be worth an estimated £633,730. It was last sold for £399,950 in May 2008, which was around 56% above the average May 2008 detached price in the Isle of Wight local authority area. The most recent EPC inspection was July 2019, where the current energy rating was D, and the potential energy rating was C.

MEMORIES Sold Prices

Land registry data shows two sales for MEMORIES 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 MEMORIES 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
2008 23 MAY	£399,950	£256,933	56% above HPI
2003 31 JAN	£249,950	£181,312	38% above HPI

MEMORIES 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 MEMORIES sales from January 2003 and May 2008 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 January 2003 sale was for 38% above the HPI. So the extrapolation line tracks at 38% above the HPI over time, until the May 2008 sale, where it rises to 56% above the HPI. The line then continues to track at 56% above the HPI.

What might MEMORIES be worth now?

MEMORIES might now be worth an estimated £633,730.

This is based on house price inflation of 58.5%, between May 2008 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 58.5% inflationary increase is applied to the most recent sale price for MEMORIES of £399,950 on 23rd May 2008. For the value to have increased from £399,950 to £633,730 over the seventeen years and three months to February 2025, the following assumptions must hold true:

• The value of MEMORIES has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The May 2008 sale price of £399,950 represented a fair market value for the property.
• The size, condition, and specification of MEMORIES has not materially changed since May 2008.

How Large is MEMORIES?

MEMORIES is 180m² according to the EPC inspection conducted in July 2019. This puts it in the largest 10% of detached houses houses in Brighstone, based on EPC data. The below chart shows the distribution of detached houses houses by size in Brighstone, and where MEMORIES lies on this distribution: 93% of detached houses houses are smaller than MEMORIES, and 6% of houses are larger. Note that EPC data is not available for all properties in Brighstone.

MEMORIES: Plot and Title Map

MEMORIES sits on a plot of roughly 0.168 of an acre, or 680m². The below map shows the location of MEMORIES, 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 MEMORIES). 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 MEMORIES?

MEMORIES is located on MOOR LANE in BRIGHSTONE, in the PO30 postcode district. The below map shows the position of MEMORIES on MOOR LANE.