SPRING, SEAVIEW LANE, SEAVIEW, PO34 5DJ - £325,000

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

SPRING is a very small detached house of 60m², built sometime between 1950 and 1966. It was last sold for £325,000 in March 2015, which was around 25% above the average March 2015 detached price in the Isle of Wight local authority area. The most recent EPC inspection was August 2009, where the current energy rating was D, and the potential energy rating was C.

SPRING Sold Prices

Land registry data shows three sales for SPRING 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 SPRING 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
2015 20 MAR	£325,000	£259,833	25% above HPI
2010 29 JAN	£300,000	£251,088	19% above HPI
1997 7 AUG	£77,000	£79,983	4% below HPI

SPRING 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 SPRING sales between August 1997 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 January 2010 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the March 2015 sale, where it rises to 25% above the HPI. The line then continues to track at 25% above the HPI.

How Large is SPRING?

SPRING is 60m² according to the EPC inspection conducted in August 2009. This puts it in the smallest 10% of detached houses in Nettlestone, based on EPC data. The below chart shows the distribution of detached houses by size in Nettlestone, and where SPRING lies on this distribution: 1% of detached houses are smaller than SPRING, and 99% of houses are larger. Note that EPC data is not available for all properties in Nettlestone.

SPRING: Plot and Title Map

SPRING sits on a plot of roughly 0.216 of an acre, or 875m². The below map shows the location of SPRING, 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 SPRING). 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 SPRING?

SPRING is located on SEAVIEW LANE in SEAVIEW, in the PO34 postcode district. The below map shows the position of SPRING on SEAVIEW LANE.