1, CHESTNUT MEADOWS, MAIN ROAD, ROOKLEY, VENTNOR, PO38 3NH - £620,000

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

1 CHESTNUT MEADOWS is a very large extended detached house of 196m², built sometime between 2003 and 2006. It was last sold for £620,000 in August 2022, which was around 46% above the average August 2022 detached price in the Isle of Wight local authority area. The most recent EPC inspection was March 2022, where the current energy rating was D, and the potential energy rating was D.

1 CHESTNUT MEADOWS Sold Prices

Land registry data shows two sales for 1 CHESTNUT MEADOWS 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 1 CHESTNUT MEADOWS 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
2022 26 AUG	£620,000	£425,763	46% above HPI
2008 8 FEB	£345,000	£266,190	30% above HPI

1 CHESTNUT MEADOWS 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 1 CHESTNUT MEADOWS sales from February 2008 and August 2022 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 February 2008 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the August 2022 sale, where it rises to 46% above the HPI. The line then continues to track at 46% above the HPI.

How Large is 1 CHESTNUT MEADOWS?

1 CHESTNUT MEADOWS is 196m², which includes one extension, according to the EPC inspection conducted in March 2022. This puts it in the largest 10% of detached houses in Rookley, based on EPC data. The below chart shows the distribution of detached houses by size in Rookley, and where 1 CHESTNUT MEADOWS lies on this distribution: 96% of detached houses are smaller than 1 CHESTNUT MEADOWS, and 4% of houses are larger. Note that EPC data is not available for all properties in Rookley.

1 CHESTNUT MEADOWS: Plot and Title Map

1 CHESTNUT MEADOWS sits on a plot of roughly 0.094 of an acre, or 382m². The below map shows the location of 1 CHESTNUT MEADOWS, 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 1 CHESTNUT MEADOWS). 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 1 CHESTNUT MEADOWS?

1 CHESTNUT MEADOWS is located on MAIN ROAD in ROOKLEY, in the PO38 postcode district. The below map shows the position of 1 CHESTNUT MEADOWS on MAIN ROAD.