2, SPRING COTTAGES, RECTORY ROAD, NITON, VENTNOR, PO38 2DL - £169,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

2 SPRING COTTAGES is a very small semi-detached house of 62m², built sometime before 1900. It was last sold for £169,000 in August 2013, which was around 34% below the average August 2013 detached price in the Isle of Wight local authority area. The most recent EPC inspection was May 2013, where the current energy rating was F, and the potential energy rating was B.

2 SPRING COTTAGES Sold Prices

Land registry data shows three sales for 2 SPRING COTTAGES 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. All of the three 2 SPRING COTTAGES sales were 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
2013 9 AUG	£169,000	£255,361	34% below HPI
2001 14 DEC	£96,000	£152,206	37% below HPI
1996 12 APR	£47,000	£69,083	32% below HPI

2 SPRING COTTAGES 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 2 SPRING COTTAGES sales between April 1996 and August 2013 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 December 2001 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the August 2013 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 2 SPRING COTTAGES?

2 SPRING COTTAGES is 62m² according to the EPC inspection conducted in May 2013. This puts it in the smallest 10% of detached houses in Niton, based on EPC data. The below chart shows the distribution of detached houses by size in Niton, and where 2 SPRING COTTAGES lies on this distribution: 5% of detached houses are smaller than 2 SPRING COTTAGES, and 95% of houses are larger. Note that EPC data is not available for all properties in Niton.

2 SPRING COTTAGES: Plot and Title Map

2 SPRING COTTAGES sits on a plot of roughly 0.100 of an acre, or 403m². The below map shows the location of 2 SPRING COTTAGES, 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 2 SPRING COTTAGES). 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 2 SPRING COTTAGES?

2 SPRING COTTAGES is located on RECTORY ROAD in NITON, in the PO38 postcode district. The below map shows the position of 2 SPRING COTTAGES on RECTORY ROAD.