OLD SCHOOL HOUSE, EDDINGTON ROAD, SEAVIEW, PO34 5EF - £272,500

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.

OLD SCHOOL HOUSE is a very large extended detached house of 162m², built sometime before 1900, which could now be worth an estimated £395,705. It was last sold for £272,500 in October 2015, which was around 3% below the average October 2015 detached price in the Isle of Wight local authority area. The most recent EPC inspection was October 2008, where the current energy rating was F, and the potential energy rating was E.

OLD SCHOOL HOUSE Sold Prices

Land registry data shows two sales for OLD SCHOOL HOUSE 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 OLD SCHOOL HOUSE sales was for below the average price, whilst the other was 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
2015 9 OCT	£272,500	£280,358	3% below HPI
1996 12 JAN	£81,000	£70,156	15% above HPI

OLD SCHOOL HOUSE 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 OLD SCHOOL HOUSE sales from January 1996 and October 2015 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 1996 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the October 2015 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might OLD SCHOOL HOUSE be worth now?

OLD SCHOOL HOUSE might now be worth an estimated £395,705.

This is based on house price inflation of 45.2%, between October 2015 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 45.2% inflationary increase is applied to the most recent sale price for OLD SCHOOL HOUSE of £272,500 on 9th October 2015. For the value to have increased from £272,500 to £395,705 over the ten years and eight months to February 2025, the following assumptions must hold true:

• The value of OLD SCHOOL HOUSE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The October 2015 sale price of £272,500 represented a fair market value for the property.
• The size, condition, and specification of OLD SCHOOL HOUSE has not materially changed since October 2015.

How Large is OLD SCHOOL HOUSE?

OLD SCHOOL HOUSE is 162m², which includes one extension, according to the EPC inspection conducted in October 2008. This puts it in the largest 10% of detached houses houses in Nettlestone, based on EPC data. The below chart shows the distribution of detached houses houses by size in Nettlestone, and where OLD SCHOOL HOUSE lies on this distribution: 90% of detached houses houses are smaller than OLD SCHOOL HOUSE, and 10% of houses are larger. Note that EPC data is not available for all properties in Nettlestone.

OLD SCHOOL HOUSE: Plot and Title Map

OLD SCHOOL HOUSE sits on a plot of roughly 0.184 of an acre, or 743m². The below map shows the location of OLD SCHOOL HOUSE, 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 OLD SCHOOL HOUSE). 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 OLD SCHOOL HOUSE?

OLD SCHOOL HOUSE is located on EDDINGTON ROAD in SEAVIEW, in the PO34 postcode district. The below map shows the position of OLD SCHOOL HOUSE on EDDINGTON ROAD.