SPENCERS LEA, CHURCH HILL, TOTLAND BAY, PO39 0EU - £230,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

SPENCERS LEA is a midsized detached house of 128m², built sometime between 1983 and 1990. It was last sold for £230,000 in August 2003, which was around 13% above the average August 2003 detached price in the Isle of Wight local authority area. The most recent EPC inspection was June 2022, where the current energy rating was C, and the potential energy rating was C.

SPENCERS LEA Sold Prices

Land registry data shows three sales for SPENCERS LEA 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. One of the three SPENCERS LEA sales was for above the average price, whilst two were 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
2003 8 AUG	£230,000	£203,162	13% above HPI
2001 3 MAY	£130,000	£133,416	3% below HPI
1995 19 MAY	£60,000	£68,203	12% below HPI

SPENCERS LEA 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 SPENCERS LEA sales between May 1995 and August 2003 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 2001 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the August 2003 sale, where it rises to 13% above the HPI. The line then continues to track at 13% above the HPI.

How Large is SPENCERS LEA?

SPENCERS LEA is 128m² according to the EPC inspection conducted in June 2022. This puts it in the largest 50% of detached houses in Totland, based on EPC data. The below chart shows the distribution of detached houses by size in Totland, and where SPENCERS LEA lies on this distribution: 53% of detached houses are smaller than SPENCERS LEA, and 46% of houses are larger. Note that EPC data is not available for all properties in Totland.

SPENCERS LEA: Plot and Title Map

SPENCERS LEA sits on a plot of roughly 0.208 of an acre, or 842m². The below map shows the location of SPENCERS LEA, 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 SPENCERS LEA). 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 SPENCERS LEA?

SPENCERS LEA is located on CHURCH HILL in TOTLAND BAY, in the PO39 postcode district. The below map shows the position of SPENCERS LEA on CHURCH HILL.