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

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

1 CHESTNUT MEADOWS is a very large extended detached house of 196m², built sometime between 2003 and 2006, which could now be worth an estimated £596,480. It was last sold for £620,000 in August 2022, which was around 49% 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	£416,888	49% above HPI
2008 8 FEB	£345,000	£260,641	32% 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 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the August 2022 sale, where it rises to 49% above the HPI. The line then continues to track at 49% above the HPI.

What might 1 CHESTNUT MEADOWS be worth now?

1 CHESTNUT MEADOWS might now be worth an estimated £596,480.

This is based on house price deflation of 3.8%, between August 2022 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 3.8% deflationary decrease is applied to the most recent sale price for 1 CHESTNUT MEADOWS of £620,000 on 26th August 2022. For the value to have decreased from £620,000 to £596,480 over the one year and eight months to December 2024, the following assumptions must hold true:

• The value of 1 CHESTNUT MEADOWS has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The August 2022 sale price of £620,000 represented a fair market value for the property.
• The size, condition, and specification of 1 CHESTNUT MEADOWS has not materially changed since August 2022.

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 houses in Rookley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Rookley, and where 1 CHESTNUT MEADOWS lies on this distribution: 97% of detached houses houses are smaller than 1 CHESTNUT MEADOWS, and 3% 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.