OUTWOOD, HAMSTEAD ROAD, CRANMORE, YARMOUTH, PO41 0YB - £89,950

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.

OUTWOOD is a very small detached house of 71m², built sometime between 1983 and 1990, which could now be worth an estimated £446,401. It was last sold for £89,950 in November 1997, which was around 10% above the average November 1997 detached price in the Isle of Wight local authority area. The most recent EPC inspection was September 2022, where the current energy rating was E, and the potential energy rating was A.

OUTWOOD Sold Prices

Land registry data shows two sales for OUTWOOD 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 OUTWOOD sales was for above the average price, whilst the other was roughly equal to 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
1997 27 NOV	£89,950	£82,034	10% above HPI
1995 16 AUG	£68,700	£68,400	Close to HPI

OUTWOOD 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 OUTWOOD sales from August 1995 and November 1997 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 August 1995 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the November 1997 sale, where it rises to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might OUTWOOD be worth now?

OUTWOOD might now be worth an estimated £446,401.

This is based on house price inflation of 396.3%, between November 1997 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 396.3% inflationary increase is applied to the most recent sale price for OUTWOOD of £89,950 on 27th November 1997. For the value to have increased from £89,950 to £446,401 over the 28 years and nine months to February 2025, the following assumptions must hold true:

• The value of OUTWOOD has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The November 1997 sale price of £89,950 represented a fair market value for the property.
• The size, condition, and specification of OUTWOOD has not materially changed since November 1997.

How Large is OUTWOOD?

OUTWOOD is 71m² according to the EPC inspection conducted in September 2022. This puts it in the smallest 20% of detached houses houses in Cranmore, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cranmore, and where OUTWOOD lies on this distribution: 17% of detached houses houses are smaller than OUTWOOD, and 83% of houses are larger. Note that EPC data is not available for all properties in Cranmore.

OUTWOOD: Plot and Title Map

OUTWOOD sits on a plot of roughly 0.817 of an acre, or 3,306m². The below map shows the location of OUTWOOD, 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 OUTWOOD). 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 OUTWOOD?

OUTWOOD is located on HAMSTEAD ROAD in CRANMORE, in the PO41 postcode district. The below map shows the position of OUTWOOD on HAMSTEAD ROAD.