22, VERLANDS CLOSE, NITON, VENTNOR, PO38 2BG - £226,000

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

22 VERLANDS CLOSE is a very small detached house of 60m², built sometime between 1950 and 1966. It was last sold for £226,000 in October 2016, which was around 22% below the average October 2016 detached price in the Isle of Wight local authority area. The most recent EPC inspection was October 2011, where the current energy rating was G, and the potential energy rating was E.

22 VERLANDS CLOSE Sold Prices

Land registry data shows three sales for 22 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 22 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
2016 21 OCT	£226,000	£291,518	22% below HPI
2012 20 DEC	£168,000	£247,284	32% below HPI
1999 22 MAR	£19,197	£95,180	80% below HPI

22 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 22 VERLANDS CLOSE sales between March 1999 and October 2016 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 2012 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the October 2016 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 22 VERLANDS CLOSE?

22 VERLANDS CLOSE is 60m² according to the EPC inspection conducted in October 2011. 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 22 VERLANDS CLOSE lies on this distribution: 4% of detached houses are smaller than 22 VERLANDS CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Niton.

22 VERLANDS CLOSE: Plot and Title Map

22 VERLANDS CLOSE sits on a plot of roughly 0.081 of an acre, or 329m². The below map shows the location of 22 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 22 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 22 VERLANDS CLOSE?

22 VERLANDS CLOSE is located in NITON, in the PO38 postcode district. The below map shows the position of No. 22 on VERLANDS CLOSE.