SOUTH BANK, TENNYSON CLOSE, YARMOUTH, PO41 0PT - £389,000

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.

SOUTH BANK is a very small detached house of 92m², built sometime between 1950 and 1966, which could now be worth an estimated £554,817. It was last sold for £389,000 in October 2016, which was around 36% above the average October 2016 detached price in the Isle of Wight local authority area. The most recent EPC inspection was September 2014, where the current energy rating was D, and the potential energy rating was B.

SOUTH BANK Sold Prices

Land registry data shows three sales for SOUTH BANK 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 SOUTH BANK 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
2016 11 OCT	£389,000	£285,442	36% above HPI
2007 8 FEB	£330,000	£250,704	32% above HPI
1998 9 JUN	£89,000	£85,254	4% above HPI

SOUTH BANK 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 SOUTH BANK sales between June 1998 and October 2016 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 February 2007 sale was for 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the October 2016 sale, where it rises to 36% above the HPI. The line then continues to track at 36% above the HPI.

What might SOUTH BANK be worth now?

SOUTH BANK might now be worth an estimated £554,817.

This is based on house price inflation of 42.6%, between October 2016 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 42.6% inflationary increase is applied to the most recent sale price for SOUTH BANK of £389,000 on 11th October 2016. For the value to have increased from £389,000 to £554,817 over the nine years and eight months to February 2025, the following assumptions must hold true:

• The value of SOUTH BANK has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The October 2016 sale price of £389,000 represented a fair market value for the property.
• The size, condition, and specification of SOUTH BANK has not materially changed since October 2016.

How Large is SOUTH BANK?

SOUTH BANK is 92m² according to the EPC inspection conducted in September 2014. This puts it in the smallest 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 SOUTH BANK lies on this distribution: 17% of detached houses houses are smaller than SOUTH BANK, and 83% of houses are larger. Note that EPC data is not available for all properties in Yarmouth.

SOUTH BANK: Plot and Title Map

SOUTH BANK sits on a plot of roughly 0.219 of an acre, or 888m². The below map shows the location of SOUTH BANK, 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 SOUTH BANK). 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 SOUTH BANK?

SOUTH BANK is located on TENNYSON CLOSE in YARMOUTH, in the PO41 postcode district. The below map shows the position of SOUTH BANK on TENNYSON CLOSE.