THE LAURELS, MADEIRA ROAD, TOTLAND BAY, PO39 0BJ - £320,000

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.

THE LAURELS is a midsized detached house of 109m², built sometime between 1976 and 1982, which could now be worth an estimated £438,735. It was last sold for £320,000 in August 2017, which was around 8% above the average August 2017 detached price in the Isle of Wight local authority area. The most recent EPC inspection was September 2016, where the current energy rating was D, and the potential energy rating was B.

THE LAURELS Sold Prices

Land registry data shows three sales for THE LAURELS 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 THE LAURELS 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
2017 4 AUG	£320,000	£296,938	8% above HPI
2002 13 SEP	£195,000	£172,221	13% above HPI
2001 15 FEB	£125,000	£129,132	3% below HPI

THE LAURELS 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 THE LAURELS sales between February 2001 and August 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 September 2002 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the August 2017 sale, where it falls to 8% above the HPI. The line then continues to track at 8% above the HPI.

What might THE LAURELS be worth now?

THE LAURELS might now be worth an estimated £438,735.

This is based on house price inflation of 37.1%, between August 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 37.1% inflationary increase is applied to the most recent sale price for THE LAURELS of £320,000 on 4th August 2017. For the value to have increased from £320,000 to £438,735 over the eight years and six months to February 2025, the following assumptions must hold true:

• The value of THE LAURELS has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The August 2017 sale price of £320,000 represented a fair market value for the property.
• The size, condition, and specification of THE LAURELS has not materially changed since August 2017.

How Large is THE LAURELS?

THE LAURELS is 109m² according to the EPC inspection conducted in September 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 THE LAURELS lies on this distribution: 40% of detached houses houses are smaller than THE LAURELS, and 60% of houses are larger. Note that EPC data is not available for all properties in Totland.

THE LAURELS: Plot and Title Map

THE LAURELS sits on a plot of roughly 0.205 of an acre, or 828m². The below map shows the location of THE LAURELS, 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 THE LAURELS). 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 THE LAURELS?

THE LAURELS is located on MADEIRA ROAD in TOTLAND BAY, in the PO39 postcode district. The below map shows the position of THE LAURELS on MADEIRA ROAD.