8, THE GREENWAY, NITON, VENTNOR, PO38 2DW - £320,000

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

8 THE GREENWAY is a very small detached house of 63m², built sometime between 1967 and 1975. It was last sold for £320,000 in January 2024, which was around 25% below the average January 2024 detached price in the Isle of Wight local authority area. The most recent EPC inspection was April 2022, where the current energy rating was D, and the potential energy rating was C.

8 THE GREENWAY Sold Prices

Land registry data shows two sales for 8 THE GREENWAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. Both of the two 8 THE GREENWAY 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
2024 26 JAN	£320,000	£424,950	25% below HPI
2021 20 JUL	£230,000	£366,712	37% below HPI

8 THE GREENWAY 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 two 8 THE GREENWAY sales from July 2021 and January 2024 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 July 2021 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the January 2024 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 8 THE GREENWAY?

8 THE GREENWAY is 63m² according to the EPC inspection conducted in April 2022. 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 8 THE GREENWAY lies on this distribution: 6% of detached houses are smaller than 8 THE GREENWAY, and 93% of houses are larger. Note that EPC data is not available for all properties in Niton.

8 THE GREENWAY: Plot and Title Map

8 THE GREENWAY sits on a plot of roughly 0.100 of an acre, or 403m². The below map shows the location of 8 THE GREENWAY, 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 8 THE GREENWAY). 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 8 THE GREENWAY?

8 THE GREENWAY is located in NITON, in the PO38 postcode district. The below map shows the position of No. 8 on THE GREENWAY.