MERAN, MIDDLETON, FRESHWATER, PO40 9NZ - £270,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

MERAN is a small extended semi-detached house of 86m², built sometime between 1900 and 1929. It was last sold for £270,000 in October 2020, which was around 23% below the average October 2020 detached price in the Isle of Wight local authority area. The most recent EPC inspection was March 2016, where the current energy rating was D, and the potential energy rating was B.

MERAN Sold Prices

Land registry data shows four sales for MERAN since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. All of the four MERAN 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 14 OCT	£270,000	£352,278	23% below HPI
2016 1 JUL	£228,000	£289,666	21% below HPI
2015 30 JUL	£123,000	£274,939	55% below HPI
2014 5 NOV	£140,000	£270,780	48% below HPI

MERAN 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 four MERAN sales between November 2014 and October 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 July 2016 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the October 2020 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is MERAN?

MERAN is 86m², which includes two extensions, according to the EPC inspection conducted in March 2016. This puts it in the smallest 30% of detached houses in Totland, based on EPC data. The below chart shows the distribution of detached houses by size in Totland, and where MERAN lies on this distribution: 21% of detached houses are smaller than MERAN, and 79% of houses are larger. Note that EPC data is not available for all properties in Totland.

MERAN: Plot and Title Map

MERAN sits on a plot of roughly 0.118 of an acre, or 476m². The below map shows the location of MERAN, 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 MERAN). 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 MERAN?

MERAN is located on MIDDLETON in FRESHWATER, in the PO40 postcode district. The below map shows the position of MERAN on MIDDLETON.