BRAMBLES, LACEYS LANE, NITON, VENTNOR, PO38 2DN - £262,000

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

BRAMBLES is a small extended detached house of 84m², built sometime between 1967 and 1975. It was last sold for £262,000 in July 2019, which was around 18% below the average July 2019 detached price in the Isle of Wight local authority area. The most recent EPC inspection was June 2016, where the current energy rating was D, and the potential energy rating was A.

BRAMBLES Sold Prices

Land registry data shows two sales for BRAMBLES 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 BRAMBLES 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
2019 22 JUL	£262,000	£320,079	18% below HPI
2015 20 NOV	£225,000	£286,145	21% below HPI

BRAMBLES 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 BRAMBLES sales from November 2015 and July 2019 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 2015 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the July 2019 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is BRAMBLES?

BRAMBLES is 84m², which includes one extension, according to the EPC inspection conducted in June 2016. This puts it in the smallest 40% of detached houses in Niton, based on EPC data. The below chart shows the distribution of detached houses by size in Niton, and where BRAMBLES lies on this distribution: 33% of detached houses are smaller than BRAMBLES, and 67% of houses are larger. Note that EPC data is not available for all properties in Niton.

BRAMBLES: Plot and Title Map

BRAMBLES sits on a plot of roughly 0.079 of an acre, or 321m². The below map shows the location of BRAMBLES, 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 BRAMBLES). 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 BRAMBLES?

BRAMBLES is located on LACEYS LANE in NITON, in the PO38 postcode district. The below map shows the position of BRAMBLES on LACEYS LANE.