MILLSTREAM LODGE, NEW ROAD, BRIGHSTONE, NEWPORT, PO30 4BP - £585,000

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.

MILLSTREAM LODGE is a very large detached house of 159m², built sometime between 1996 and 2002, which could now be worth an estimated £760,430. It was last sold for £585,000 in November 2018, which was around 87% above the average November 2018 detached price in the Isle of Wight local authority area. The most recent EPC inspection was November 2015, where the current energy rating was E, and the potential energy rating was B.

MILLSTREAM LODGE Sold Prices

Land registry data shows two sales for MILLSTREAM LODGE 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. One of the two MILLSTREAM LODGE sales was for above the average price, whilst the other was 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
2018 14 NOV	£585,000	£313,195	87% above HPI
1997 11 JUN	£60,000	£75,834	21% below HPI

MILLSTREAM LODGE 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 MILLSTREAM LODGE sales from June 1997 and November 2018 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 June 1997 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the November 2018 sale, where it rises to 87% above the HPI. The line then continues to track at 87% above the HPI.

What might MILLSTREAM LODGE be worth now?

MILLSTREAM LODGE might now be worth an estimated £760,430.

This is based on house price inflation of 30%, between November 2018 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 30% inflationary increase is applied to the most recent sale price for MILLSTREAM LODGE of £585,000 on 14th November 2018. For the value to have increased from £585,000 to £760,430 over the seven years and nine months to February 2025, the following assumptions must hold true:

• The value of MILLSTREAM LODGE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The November 2018 sale price of £585,000 represented a fair market value for the property.
• The size, condition, and specification of MILLSTREAM LODGE has not materially changed since November 2018.

How Large is MILLSTREAM LODGE?

MILLSTREAM LODGE is 159m² according to the EPC inspection conducted in November 2015. This puts it in the largest 20% 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 MILLSTREAM LODGE lies on this distribution: 87% of detached houses houses are smaller than MILLSTREAM LODGE, and 13% of houses are larger. Note that EPC data is not available for all properties in Brighstone.

MILLSTREAM LODGE: Plot and Title Map

MILLSTREAM LODGE sits on a plot of roughly 0.289 of an acre, or 1,170m². The below map shows the location of MILLSTREAM LODGE, 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 MILLSTREAM LODGE). 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 MILLSTREAM LODGE?

MILLSTREAM LODGE is located on NEW ROAD in BRIGHSTONE, in the PO30 postcode district. The below map shows the position of MILLSTREAM LODGE on NEW ROAD.