CHERRY TREES, HIGH STREET, NITON, VENTNOR, PO38 2AZ - £332,500

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

CHERRY TREES is a midsized extended detached house of 96m², built sometime between 1967 and 1975. It was last sold for £332,500 in April 2017, which was around 11% above the average April 2017 detached price in the Isle of Wight local authority area. The most recent EPC inspection was April 2012, where the current energy rating was E, and the potential energy rating was C.

CHERRY TREES Sold Prices

Land registry data shows four sales for CHERRY TREES 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. Most of the four CHERRY TREES 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
2017 19 APR	£332,500	£299,614	11% above HPI
2012 8 AUG	£250,000	£257,714	3% below HPI
2006 22 AUG	£275,000	£246,160	12% above HPI
1996 22 JUL	£78,500	£70,164	12% above HPI

CHERRY TREES 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 CHERRY TREES sales between July 1996 and April 2017 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 August 2012 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the April 2017 sale, where it rises to 11% above the HPI. The line then continues to track at 11% above the HPI.

How Large is CHERRY TREES?

CHERRY TREES is 96m², which includes one extension, according to the EPC inspection conducted in April 2012. This puts it in the smallest 50% of detached houses in Niton, based on EPC data. The below chart shows the distribution of detached houses by size in Niton, and where CHERRY TREES lies on this distribution: 47% of detached houses are smaller than CHERRY TREES, and 53% of houses are larger. Note that EPC data is not available for all properties in Niton.

CHERRY TREES: Plot and Title Map

CHERRY TREES sits on a plot of roughly 0.380 of an acre, or 1,540m². The below map shows the location of CHERRY TREES, 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 CHERRY TREES). 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 CHERRY TREES?

CHERRY TREES is located on HIGH STREET in NITON, in the PO38 postcode district. The below map shows the position of CHERRY TREES on HIGH STREET.