THE OAKS, BASKETTS LANE, YARMOUTH, PO41 0PY - £500,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

THE OAKS is a large detached house of 160m², built sometime between 1996 and 2002, which could now be worth an estimated £619,544. It was last sold for £500,000 in October 2019, which was around 54% above the average October 2019 detached price in the Isle of Wight local authority area. The most recent EPC inspection was June 2018, where the current energy rating was C, and the potential energy rating was B.

THE OAKS Sold Prices

Land registry data shows three sales for THE OAKS 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 OAKS 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
2019 28 OCT	£500,000	£323,684	54% above HPI
2005 19 AUG	£410,000	£231,093	77% above HPI
2000 3 MAR	£100,000	£110,409	9% below HPI

THE OAKS 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 OAKS sales between March 2000 and October 2019 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 August 2005 sale was for 77% above the HPI. So the extrapolation line tracks at 77% above the HPI over time, until the October 2019 sale, where it falls to 54% above the HPI. The line then continues to track at 54% above the HPI.

What might THE OAKS be worth now?

THE OAKS might now be worth an estimated £619,544.

This is based on house price inflation of 23.9%, between October 2019 and December 2024, 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 23.9% inflationary increase is applied to the most recent sale price for THE OAKS of £500,000 on 28th October 2019. For the value to have increased from £500,000 to £619,544 over the four years and ten months to December 2024, the following assumptions must hold true:

• The value of THE OAKS has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The October 2019 sale price of £500,000 represented a fair market value for the property.
• The size, condition, and specification of THE OAKS has not materially changed since October 2019.

How Large is THE OAKS?

THE OAKS is 160m² according to the EPC inspection conducted in June 2018. This puts it in the largest 30% of detached houses houses in Yarmouth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Yarmouth, and where THE OAKS lies on this distribution: 74% of detached houses houses are smaller than THE OAKS, and 23% of houses are larger. Note that EPC data is not available for all properties in Yarmouth.

THE OAKS: Plot and Title Map

THE OAKS sits on a plot of roughly 0.102 of an acre, or 414m². The below map shows the location of THE OAKS, 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 OAKS). 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 OAKS?

THE OAKS is located on BASKETTS LANE in YARMOUTH, in the PO41 postcode district. The below map shows the position of THE OAKS on BASKETTS LANE.