2, VERLANDS CLOSE, NITON, VENTNOR, PO38 2BG - £225,000

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

2 VERLANDS CLOSE is a very small detached house of 55m², built sometime between 1967 and 1975. It was last sold for £225,000 in September 2020, which was around 35% below the average September 2020 detached price in the Isle of Wight local authority area. The most recent EPC inspection was October 2013, where the current energy rating was G, and the potential energy rating was B.

2 VERLANDS CLOSE Sold Prices

Land registry data shows three sales for 2 VERLANDS CLOSE 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 VERLANDS CLOSE 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
2020 25 SEP	£225,000	£343,900	35% below HPI
2015 2 NOV	£178,000	£286,145	38% below HPI
2006 13 OCT	£172,000	£251,447	32% below HPI

2 VERLANDS CLOSE 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 VERLANDS CLOSE sales between October 2006 and September 2020 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 November 2015 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the September 2020 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 2 VERLANDS CLOSE?

2 VERLANDS CLOSE is 55m² according to the EPC inspection conducted in October 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 VERLANDS CLOSE lies on this distribution: 2% of detached houses are smaller than 2 VERLANDS CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Niton.

2 VERLANDS CLOSE: Plot and Title Map

2 VERLANDS CLOSE sits on a plot of roughly 0.069 of an acre, or 279m². The below map shows the location of 2 VERLANDS CLOSE, 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 VERLANDS CLOSE). 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 VERLANDS CLOSE?

2 VERLANDS CLOSE is located in NITON, in the PO38 postcode district. The below map shows the position of No. 2 on VERLANDS CLOSE.