RIVER HOUSE, MILL ROAD, YARMOUTH, PO41 0RA - £625,000

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.

RIVER HOUSE is a very large detached house of 165m², built sometime between 1930 and 1949, which could now be worth an estimated £1,000,120. It was last sold for £625,000 in March 2015, which was around 146% above the average March 2015 detached price in the Isle of Wight local authority area. The most recent EPC inspection was May 2014, where the current energy rating was D, and the potential energy rating was C.

RIVER HOUSE Sold Prices

Land registry data shows three sales for RIVER HOUSE 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 RIVER HOUSE 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
2015 20 MAR	£625,000	£254,417	146% above HPI
2002 31 MAY	£315,000	£155,222	103% above HPI
2002 24 JAN	£250,000	£145,540	72% above HPI

RIVER 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 three RIVER HOUSE sales between January 2002 and March 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 May 2002 sale was for 103% above the HPI. So the extrapolation line tracks at 103% above the HPI over time, until the March 2015 sale, where it rises to 146% above the HPI. The line then continues to track at 146% above the HPI.

What might RIVER HOUSE be worth now?

RIVER HOUSE might now be worth an estimated £1,000,120.

This is based on house price inflation of 60%, between March 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 60% inflationary increase is applied to the most recent sale price for RIVER HOUSE of £625,000 on 20th March 2015. For the value to have increased from £625,000 to £1,000,120 over the ten years and one month to February 2025, the following assumptions must hold true:

• The value of RIVER HOUSE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The March 2015 sale price of £625,000 represented a fair market value for the property.
• The size, condition, and specification of RIVER HOUSE has not materially changed since March 2015.

How Large is RIVER HOUSE?

RIVER HOUSE is 165m² according to the EPC inspection conducted in May 2014. This puts it in the largest 20% of detached houses houses in Yarmouth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Yarmouth, and where RIVER HOUSE lies on this distribution: 83% of detached houses houses are smaller than RIVER HOUSE, and 17% of houses are larger. Note that EPC data is not available for all properties in Yarmouth.

RIVER HOUSE: Plot and Title Map

RIVER HOUSE sits on a plot of roughly 0.133 of an acre, or 538m². The below map shows the location of RIVER 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 RIVER 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 RIVER HOUSE?

RIVER HOUSE is located on MILL ROAD in YARMOUTH, in the PO41 postcode district. The below map shows the position of RIVER HOUSE on MILL ROAD.