TARA, FINE LANE, SHORWELL, NEWPORT, PO30 3JY - £645,000

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

TARA is a very large detached house of 156m², built sometime between 1967 and 1975. It was last sold for £645,000 in January 2024, which was around 52% above the average January 2024 detached price in the Isle of Wight local authority area. The most recent EPC inspection was June 2023, where the current energy rating was E, and the potential energy rating was C.

TARA Sold Prices

Land registry data shows two sales for TARA 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. Both of the two TARA 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
2024 26 JAN	£645,000	£423,919	52% above HPI
2000 11 FEB	£148,000	£111,040	33% above HPI

TARA 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 TARA sales from February 2000 and January 2024 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 2000 sale was for 33% above the HPI. So the extrapolation line tracks at 33% above the HPI over time, until the January 2024 sale, where it rises to 52% above the HPI. The line then continues to track at 52% above the HPI.

How Large is TARA?

TARA is 156m² according to the EPC inspection conducted in June 2023. This puts it in the largest 20% of detached houses in Shorwell, based on EPC data. The below chart shows the distribution of detached houses by size in Shorwell, and where TARA lies on this distribution: 82% of detached houses are smaller than TARA, and 18% of houses are larger. Note that EPC data is not available for all properties in Shorwell.

TARA: Plot and Title Map

TARA sits on a plot of roughly 1.2 acres, or 4,803m². The below map shows the location of TARA, 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 TARA). 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 TARA?

TARA is located on FINE LANE in SHORWELL, in the PO30 postcode district. The below map shows the position of TARA on FINE LANE.