BAY LODGE, ESPLANADE, VENTNOR, PO38 1JR - £255,000

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

BAY LODGE is a very small detached house of 71m², built sometime between 1900 and 1929. It was last sold for £255,000 in September 2013, which was about the average September 2013 detached price in the Isle of Wight local authority area. The most recent EPC inspection was October 2012, where the current energy rating was E, and the potential energy rating was B.

BAY LODGE Sold Prices

Land registry data shows two sales for BAY LODGE 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. One of the two BAY LODGE sales was roughly equal to the average price, whilst the other was 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
2013 12 SEP	£255,000	£255,877	Close to HPI
2012 1 NOV	£247,500	£248,815	1% below HPI

BAY LODGE 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 BAY LODGE sales from November 2012 and September 2013 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 2012 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the September 2013 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

How Large is BAY LODGE?

BAY LODGE is 71m² according to the EPC inspection conducted in October 2012. This puts it in the smallest 10% of detached houses in Ventnor, based on EPC data. The below chart shows the distribution of detached houses by size in Ventnor, and where BAY LODGE lies on this distribution: 7% of detached houses are smaller than BAY LODGE, and 93% of houses are larger. Note that EPC data is not available for all properties in Ventnor.

BAY LODGE: Plot and Title Map

BAY LODGE sits on a plot of roughly 0.047 of an acre, or 189m². The below map shows the location of BAY LODGE, 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 BAY LODGE). 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 BAY LODGE?

BAY LODGE is located on ESPLANADE in VENTNOR, in the PO38 postcode district. The below map shows the position of BAY LODGE on ESPLANADE.