TEKOA, UPPER PRINCES ROAD, FRESHWATER, PO40 9EF - £400,000

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.

TEKOA is a midsized detached house of 110m², built sometime between 1950 and 1966, which could now be worth an estimated £563,379. It was last sold for £400,000 in February 2017, which was around 38% above the average February 2017 detached price in the Isle of Wight local authority area. The most recent EPC inspection was March 2016, where the current energy rating was F, and the potential energy rating was B.

TEKOA Sold Prices

Land registry data shows two sales for TEKOA 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 TEKOA 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
2017 28 FEB	£400,000	£289,053	38% above HPI
1998 28 OCT	£175,000	£91,017	92% above HPI

TEKOA 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 TEKOA sales from October 1998 and February 2017 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 October 1998 sale was for 92% above the HPI. So the extrapolation line tracks at 92% above the HPI over time, until the February 2017 sale, where it falls to 38% above the HPI. The line then continues to track at 38% above the HPI.

What might TEKOA be worth now?

TEKOA might now be worth an estimated £563,379.

This is based on house price inflation of 40.8%, between February 2017 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 40.8% inflationary increase is applied to the most recent sale price for TEKOA of £400,000 on 28th February 2017. For the value to have increased from £400,000 to £563,379 over the eight years to February 2025, the following assumptions must hold true:

• The value of TEKOA has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The February 2017 sale price of £400,000 represented a fair market value for the property.
• The size, condition, and specification of TEKOA has not materially changed since February 2017.

How Large is TEKOA?

TEKOA is 110m² according to the EPC inspection conducted in March 2016. This puts it in the smallest 50% of detached houses houses in Totland, based on EPC data. The below chart shows the distribution of detached houses houses by size in Totland, and where TEKOA lies on this distribution: 41% of detached houses houses are smaller than TEKOA, and 59% of houses are larger. Note that EPC data is not available for all properties in Totland.

TEKOA: Plot and Title Map

TEKOA sits on a plot of roughly 0.700 of an acre, or 2,831m². The below map shows the location of TEKOA, 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 TEKOA). 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 TEKOA?

TEKOA is located on UPPER PRINCES ROAD in FRESHWATER, in the PO40 postcode district. The below map shows the position of TEKOA on UPPER PRINCES ROAD.