THOROLD, RUSSELL ROAD, SHORWELL, NEWPORT, PO30 3JT - £291,000

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.

THOROLD is a very small detached house of 87m², built sometime between 1967 and 1975, which could now be worth an estimated £392,233. It was last sold for £291,000 in April 2018, which was around 4% below the average April 2018 detached price in the Isle of Wight local authority area. The most recent EPC inspection was August 2014, where the current energy rating was D, and the potential energy rating was B.

THOROLD Sold Prices

Land registry data shows two sales for THOROLD 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. One of the two THOROLD sales was for below the average price, whilst the other was 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
2018 17 APR	£291,000	£302,042	4% below HPI
2015 13 MAR	£270,000	£254,417	6% above HPI

THOROLD 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 THOROLD sales from March 2015 and April 2018 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 March 2015 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the April 2018 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might THOROLD be worth now?

THOROLD might now be worth an estimated £392,233.

This is based on house price inflation of 34.8%, between April 2018 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 34.8% inflationary increase is applied to the most recent sale price for THOROLD of £291,000 on 17th April 2018. For the value to have increased from £291,000 to £392,233 over the seven years and two months to February 2025, the following assumptions must hold true:

• The value of THOROLD has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The April 2018 sale price of £291,000 represented a fair market value for the property.
• The size, condition, and specification of THOROLD has not materially changed since April 2018.

How Large is THOROLD?

THOROLD is 87m² according to the EPC inspection conducted in August 2014. This puts it in the smallest 20% of detached houses houses in Shorwell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Shorwell, and where THOROLD lies on this distribution: 13% of detached houses houses are smaller than THOROLD, and 88% of houses are larger. Note that EPC data is not available for all properties in Shorwell.

THOROLD: Plot and Title Map

THOROLD sits on a plot of roughly 0.222 of an acre, or 900m². The below map shows the location of THOROLD, 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 THOROLD). 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 THOROLD?

THOROLD is located on RUSSELL ROAD in SHORWELL, in the PO30 postcode district. The below map shows the position of THOROLD on RUSSELL ROAD.