TREE TOPS, SUMMERS LANE, TOTLAND BAY, PO39 0HQ - £463,000

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

TREE TOPS is a small extended detached house of 105m², built sometime between 1967 and 1975. It was last sold for £463,000 in February 2023, which was around 7% above the average February 2023 detached price in the Isle of Wight local authority area. The most recent EPC inspection was October 2022, where the current energy rating was E, and the potential energy rating was C.

TREE TOPS Sold Prices

Land registry data shows three sales for TREE TOPS 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 TREE TOPS 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
2023 10 FEB	£463,000	£431,728	7% above HPI
2006 29 JUN	£338,000	£246,936	37% above HPI
1996 9 FEB	£67,000	£71,641	6% below HPI

TREE TOPS 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 TREE TOPS sales between February 1996 and February 2023 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 June 2006 sale was for 37% above the HPI. So the extrapolation line tracks at 37% above the HPI over time, until the February 2023 sale, where it falls to 7% above the HPI. The line then continues to track at 7% above the HPI.

How Large is TREE TOPS?

TREE TOPS is 105m², which includes one extension, according to the EPC inspection conducted in October 2022. This puts it in the smallest 40% of detached houses in Totland, based on EPC data. The below chart shows the distribution of detached houses by size in Totland, and where TREE TOPS lies on this distribution: 36% of detached houses are smaller than TREE TOPS, and 63% of houses are larger. Note that EPC data is not available for all properties in Totland.

TREE TOPS: Plot and Title Map

TREE TOPS sits on a plot of roughly 0.259 of an acre, or 1,049m². The below map shows the location of TREE TOPS, 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 TREE TOPS). 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 TREE TOPS?

TREE TOPS is located on SUMMERS LANE in TOTLAND BAY, in the PO39 postcode district. The below map shows the position of TREE TOPS on SUMMERS LANE.