MOUNT PLACE, MAIN ROAD, WELLOW, YARMOUTH, PO41 0TD - £660,000

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

MOUNT PLACE is a large extended detached house of 178m², built sometime between 1900 and 1929, which could now be worth an estimated £897,164. It was last sold for £660,000 in July 2017, which was around 124% above the average July 2017 detached price in the Isle of Wight local authority area. The most recent EPC inspection was January 2017, where the current energy rating was E, and the potential energy rating was C.

MOUNT PLACE Sold Prices

Land registry data shows two sales for MOUNT PLACE 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 MOUNT PLACE 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
2017 21 JUL	£660,000	£295,050	124% above HPI
2013 27 SEP	£400,000	£250,543	60% above HPI

MOUNT PLACE 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 MOUNT PLACE sales from September 2013 and July 2017 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 September 2013 sale was for 60% above the HPI. So the extrapolation line tracks at 60% above the HPI over time, until the July 2017 sale, where it rises to 124% above the HPI. The line then continues to track at 124% above the HPI.

What might MOUNT PLACE be worth now?

MOUNT PLACE might now be worth an estimated £897,164.

This is based on house price inflation of 35.9%, between July 2017 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 35.9% inflationary increase is applied to the most recent sale price for MOUNT PLACE of £660,000 on 21st July 2017. For the value to have increased from £660,000 to £897,164 over the six years and seven months to December 2024, the following assumptions must hold true:

• The value of MOUNT PLACE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The July 2017 sale price of £660,000 represented a fair market value for the property.
• The size, condition, and specification of MOUNT PLACE has not materially changed since July 2017.

How Large is MOUNT PLACE?

MOUNT PLACE is 178m², which includes one extension, according to the EPC inspection conducted in January 2017. This puts it in the largest 30% of detached houses houses in Wellow, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wellow, and where MOUNT PLACE lies on this distribution: 73% of detached houses houses are smaller than MOUNT PLACE, and 27% of houses are larger. Note that EPC data is not available for all properties in Wellow.

MOUNT PLACE: Plot and Title Map

MOUNT PLACE sits on a plot of roughly 0.443 of an acre, or 1,793m². The below map shows the location of MOUNT PLACE, 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 MOUNT PLACE). 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 MOUNT PLACE?

MOUNT PLACE is located on MAIN ROAD in WELLOW, in the PO41 postcode district. The below map shows the position of MOUNT PLACE on MAIN ROAD.