ORCHARD CABIN, FAIRY ROAD, SEAVIEW, PO34 5HF - £550,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

ORCHARD CABIN is a small extended detached house of 107m², built sometime between 1900 and 1929. It was last sold for £550,000 in November 2022, which was around 25% above the average November 2022 detached price in the Isle of Wight local authority area. The most recent EPC inspection was July 2021, where the current energy rating was E, and the potential energy rating was C.

ORCHARD CABIN Sold Prices

Land registry data shows three sales for ORCHARD CABIN 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. Two of the three ORCHARD CABIN sales were for above the average price, whilst one 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
2022 28 NOV	£550,000	£441,602	25% above HPI
2008 12 DEC	£270,000	£250,413	8% above HPI
1997 17 JUL	£49,950	£77,911	36% below HPI

ORCHARD CABIN 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 ORCHARD CABIN sales between July 1997 and November 2022 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 December 2008 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the November 2022 sale, where it rises to 25% above the HPI. The line then continues to track at 25% above the HPI.

How Large is ORCHARD CABIN?

ORCHARD CABIN is 107m², which includes one extension, according to the EPC inspection conducted in July 2021. This puts it in the smallest 30% of detached houses in Seaview, based on EPC data. The below chart shows the distribution of detached houses by size in Seaview, and where ORCHARD CABIN lies on this distribution: 21% of detached houses are smaller than ORCHARD CABIN, and 78% of houses are larger. Note that EPC data is not available for all properties in Seaview.

ORCHARD CABIN: Plot and Title Map

ORCHARD CABIN sits on a plot of roughly 0.050 of an acre, or 203m². The below map shows the location of ORCHARD CABIN, 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 ORCHARD CABIN). 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 ORCHARD CABIN?

ORCHARD CABIN is located on FAIRY ROAD in SEAVIEW, in the PO34 postcode district. The below map shows the position of ORCHARD CABIN on FAIRY ROAD.