BROOK LODGE, RECTORY LANE, NITON, VENTNOR, PO38 2AX - £450,000

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

BROOK LODGE is a very large extended detached house of 167m², built sometime between 1967 and 1975. It was last sold for £450,000 in January 2021, which was around 23% above the average January 2021 detached price in the Isle of Wight local authority area. The most recent EPC inspection was May 2014, where the current energy rating was D, and the potential energy rating was C.

BROOK LODGE Sold Prices

Land registry data shows four sales for BROOK LODGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. All of the four BROOK LODGE sales were for above 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 25 JAN	£450,000	£366,659	23% above HPI
2012 10 MAY	£365,000	£254,049	44% above HPI
2002 29 NOV	£250,000	£183,809	36% above HPI
1998 14 SEP	£123,000	£92,265	33% above HPI

BROOK 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 four BROOK LODGE sales between September 1998 and January 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 2012 sale was for 44% above the HPI. So the extrapolation line tracks at 44% above the HPI over time, until the January 2021 sale, where it falls to 23% above the HPI. The line then continues to track at 23% above the HPI.

How Large is BROOK LODGE?

BROOK LODGE is 167m², which includes one extension, according to the EPC inspection conducted in May 2014. This puts it in the largest 20% of detached houses in Niton, based on EPC data. The below chart shows the distribution of detached houses by size in Niton, and where BROOK LODGE lies on this distribution: 87% of detached houses are smaller than BROOK LODGE, and 13% of houses are larger. Note that EPC data is not available for all properties in Niton.

BROOK LODGE: Plot and Title Map

BROOK LODGE sits on a plot of roughly 0.228 of an acre, or 924m². The below map shows the location of BROOK 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 BROOK 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 BROOK LODGE?

BROOK LODGE is located on RECTORY LANE in NITON, in the PO38 postcode district. The below map shows the position of BROOK LODGE on RECTORY LANE.