MINEOLA, UPPER PRINCES ROAD, FRESHWATER, PO40 9EE - £390,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

MINEOLA is a very large extended detached house of 183m², built sometime between 1900 and 1929. It was last sold for £390,000 in November 2018, which was around 22% above the average November 2018 detached price in the Isle of Wight local authority area. The most recent EPC inspection was February 2015, where the current energy rating was D, and the potential energy rating was C.

MINEOLA Sold Prices

Land registry data shows two sales for MINEOLA 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 MINEOLA 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 30 NOV	£390,000	£319,862	22% above HPI
2012 6 JAN	£230,000	£250,252	8% below HPI

MINEOLA 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 MINEOLA sales from January 2012 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 January 2012 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the November 2018 sale, where it rises to 22% above the HPI. The line then continues to track at 22% above the HPI.

How Large is MINEOLA?

MINEOLA is 183m², which includes one extension, according to the EPC inspection conducted in February 2015. This puts it in the largest 20% of detached houses in Totland, based on EPC data. The below chart shows the distribution of detached houses by size in Totland, and where MINEOLA lies on this distribution: 80% of detached houses are smaller than MINEOLA, and 20% of houses are larger. Note that EPC data is not available for all properties in Totland.

MINEOLA: Plot and Title Map

MINEOLA sits on a plot of roughly 0.146 of an acre, or 591m². The below map shows the location of MINEOLA, 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 MINEOLA). 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 MINEOLA?

MINEOLA is located on UPPER PRINCES ROAD in FRESHWATER, in the PO40 postcode district. The below map shows the position of MINEOLA on UPPER PRINCES ROAD.