CHESTNUT COTTAGE, SCHOOL LANE, NITON, VENTNOR, PO38 2BP - £235,000

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

CHESTNUT COTTAGE is a small extended detached house of 90m², built sometime before 1900. It was last sold for £235,000 in March 2015, which was around 10% below the average March 2015 detached price in the Isle of Wight local authority area. The most recent EPC inspection was January 2015, where the current energy rating was E, and the potential energy rating was C.

CHESTNUT COTTAGE Sold Prices

Land registry data shows two sales for CHESTNUT COTTAGE 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 CHESTNUT COTTAGE sales was for below the average price, whilst the other was 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
2015 24 MAR	£235,000	£259,833	10% below HPI
2002 26 APR	£166,000	£153,434	8% above HPI

CHESTNUT COTTAGE 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 CHESTNUT COTTAGE sales from April 2002 and March 2015 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 April 2002 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the March 2015 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is CHESTNUT COTTAGE?

CHESTNUT COTTAGE is 90m², which includes one extension, according to the EPC inspection conducted in January 2015. 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 CHESTNUT COTTAGE lies on this distribution: 39% of detached houses are smaller than CHESTNUT COTTAGE, and 59% of houses are larger. Note that EPC data is not available for all properties in Niton.

CHESTNUT COTTAGE: Plot and Title Map

CHESTNUT COTTAGE sits on a plot of roughly 0.154 of an acre, or 622m². The below map shows the location of CHESTNUT COTTAGE, 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 CHESTNUT COTTAGE). 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 CHESTNUT COTTAGE?

CHESTNUT COTTAGE is located on SCHOOL LANE in NITON, in the PO38 postcode district. The below map shows the position of CHESTNUT COTTAGE on SCHOOL LANE.