5A, MELVILLE STREET, SANDOWN, PO36 8JW - £340,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

5A MELVILLE STREET is a very large detached house of 164m², built sometime between 1976 and 1982. It was last sold for £340,000 in November 2021, which was around 15% below the average November 2021 detached price in the Isle of Wight local authority area. The most recent EPC inspection was May 2018, where the current energy rating was C, and the potential energy rating was B.

5A MELVILLE STREET Sold Prices

Land registry data shows three sales for 5A MELVILLE STREET 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 5A MELVILLE STREET 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 29 NOV	£340,000	£398,511	15% below HPI
2002 14 JUN	£145,000	£162,028	11% below HPI
1995 31 MAR	£58,000	£68,969	16% below HPI

5A MELVILLE STREET 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 5A MELVILLE STREET sales between March 1995 and November 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 June 2002 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the November 2021 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 5A MELVILLE STREET?

5A MELVILLE STREET is 164m² according to the EPC inspection conducted in May 2018. This puts it in the largest 10% of detached houses in Sandown, based on EPC data. The below chart shows the distribution of detached houses by size in Sandown, and where 5A MELVILLE STREET lies on this distribution: 90% of detached houses are smaller than 5A MELVILLE STREET, and 10% of houses are larger. Note that EPC data is not available for all properties in Sandown.

5A MELVILLE STREET: Plot and Title Map

5A MELVILLE STREET sits on a plot of roughly 0.651 of an acre, or 2,634m². The below map shows the location of 5A MELVILLE STREET, 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 5A MELVILLE STREET). 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 5A MELVILLE STREET?

5A MELVILLE STREET is located in SANDOWN, in the PO36 postcode district. The below map shows the position of No. 5A on MELVILLE STREET.