31, GREENLYDD CLOSE, NITON, VENTNOR, PO38 2BJ - £310,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

31 GREENLYDD CLOSE is a very small detached house of 67m², built sometime between 1967 and 1975, which could now be worth an estimated £348,863. It was last sold for £310,000 in June 2021, which was around 14% below the average June 2021 detached price in the Isle of Wight local authority area. The most recent EPC inspection was July 2020, where the current energy rating was D, and the potential energy rating was B.

31 GREENLYDD CLOSE Sold Prices

Land registry data shows three sales for 31 GREENLYDD 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 31 GREENLYDD 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
2021 21 JUN	£310,000	£361,764	14% below HPI
2017 19 MAY	£185,000	£295,296	37% below HPI
1999 27 SEP	£78,000	£100,986	23% below HPI

31 GREENLYDD 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 31 GREENLYDD CLOSE sales between September 1999 and June 2021 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 May 2017 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the June 2021 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 31 GREENLYDD CLOSE be worth now?

31 GREENLYDD CLOSE might now be worth an estimated £348,863.

This is based on house price inflation of 12.5%, between June 2021 and February 2025, 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 12.5% inflationary increase is applied to the most recent sale price for 31 GREENLYDD CLOSE of £310,000 on 21st June 2021. For the value to have increased from £310,000 to £348,863 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 31 GREENLYDD CLOSE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The June 2021 sale price of £310,000 represented a fair market value for the property.
• The size, condition, and specification of 31 GREENLYDD CLOSE has not materially changed since June 2021.

How Large is 31 GREENLYDD CLOSE?

31 GREENLYDD CLOSE is 67m² according to the EPC inspection conducted in July 2020. This puts it in the smallest 20% of detached houses houses in Niton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Niton, and where 31 GREENLYDD CLOSE lies on this distribution: 12% of detached houses houses are smaller than 31 GREENLYDD CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Niton.

31 GREENLYDD CLOSE: Plot and Title Map

31 GREENLYDD CLOSE sits on a plot of roughly 0.110 of an acre, or 445m². The below map shows the location of 31 GREENLYDD 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 31 GREENLYDD 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 31 GREENLYDD CLOSE?

31 GREENLYDD CLOSE is located in NITON, in the PO38 postcode district. The below map shows the position of No. 31 on GREENLYDD CLOSE.