OCTAVIAN, FARRIERS WAY, SHORWELL, NEWPORT, PO30 3JP - £200,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

OCTAVIAN is a small detached house of 102m², built sometime between 1967 and 1975. It was last sold for £200,000 in June 2009, which was around 15% below the average June 2009 detached price in the Isle of Wight local authority area. The most recent EPC inspection was March 2009, where the current energy rating was F, and the potential energy rating was E.

OCTAVIAN Sold Prices

Land registry data shows three sales for OCTAVIAN since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. All of the three OCTAVIAN 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
2009 29 JUN	£200,000	£235,237	15% below HPI
2008 23 JAN	£225,000	£268,398	16% below HPI
2001 19 JUN	£125,000	£134,781	7% below HPI

OCTAVIAN 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 three OCTAVIAN sales between June 2001 and June 2009 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 2008 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the June 2009 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is OCTAVIAN?

OCTAVIAN is 102m² according to the EPC inspection conducted in March 2009. This puts it in the smallest 40% of detached houses in Shorwell, based on EPC data. The below chart shows the distribution of detached houses by size in Shorwell, and where OCTAVIAN lies on this distribution: 31% of detached houses are smaller than OCTAVIAN, and 69% of houses are larger. Note that EPC data is not available for all properties in Shorwell.

OCTAVIAN: Plot and Title Map

OCTAVIAN sits on a plot of roughly 0.113 of an acre, or 457m². The below map shows the location of OCTAVIAN, 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 OCTAVIAN). 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 OCTAVIAN?

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