MORAR, FARRIERS WAY, SHORWELL, NEWPORT, PO30 3JP - £250,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

MORAR is a very small extended detached house of 92m², built sometime between 1967 and 1975, which could now be worth an estimated £406,466. It was last sold for £250,000 in July 2011, which was around 1% above the average July 2011 detached price in the Isle of Wight local authority area. The most recent EPC inspection was July 2010, where the current energy rating was D, and the potential energy rating was D.

MORAR Sold Prices

Land registry data shows two sales for MORAR 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 MORAR 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
2011 26 JUL	£250,000	£246,683	1% above HPI
2001 30 JUL	£135,500	£139,031	3% below HPI

MORAR 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 MORAR sales from July 2001 and July 2011 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 2001 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the July 2011 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might MORAR be worth now?

MORAR might now be worth an estimated £406,466.

This is based on house price inflation of 62.6%, between July 2011 and December 2024, 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 62.6% inflationary increase is applied to the most recent sale price for MORAR of £250,000 on 26th July 2011. For the value to have increased from £250,000 to £406,466 over the twelve years and seven months to December 2024, the following assumptions must hold true:

• The value of MORAR has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The July 2011 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of MORAR has not materially changed since July 2011.

How Large is MORAR?

MORAR is 92m², which includes one extension, according to the EPC inspection conducted in July 2010. This puts it in the smallest 20% of detached houses houses in Shorwell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Shorwell, and where MORAR lies on this distribution: 16% of detached houses houses are smaller than MORAR, and 84% of houses are larger. Note that EPC data is not available for all properties in Shorwell.

MORAR: Plot and Title Map

MORAR sits on a plot of roughly 0.150 of an acre, or 606m². The below map shows the location of MORAR, 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 MORAR). 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 MORAR?

MORAR is located on FARRIERS WAY in SHORWELL, in the PO30 postcode district. The below map shows the position of MORAR on FARRIERS WAY.