CORRIS, MAIN ROAD, ROOKLEY, VENTNOR, PO38 3NF - £285,000

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

CORRIS is a large extended detached house of 117m², built sometime between 1976 and 1982. It was last sold for £285,000 in January 2010, which was around 14% above the average January 2010 detached price in the Isle of Wight local authority area. The most recent EPC inspection was September 2009, where the current energy rating was E, and the potential energy rating was E.

CORRIS Sold Prices

Land registry data shows four sales for CORRIS 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 CORRIS 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
2010 21 JAN	£285,000	£251,088	14% above HPI
2004 19 JAN	£220,000	£209,766	5% above HPI
1997 16 MAY	£87,500	£76,595	14% above HPI
1996 15 JAN	£83,500	£71,649	17% above HPI

CORRIS 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 CORRIS sales between January 1996 and January 2010 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 January 2004 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the January 2010 sale, where it rises to 14% above the HPI. The line then continues to track at 14% above the HPI.

How Large is CORRIS?

CORRIS is 117m², which includes one extension, according to the EPC inspection conducted in September 2009. This puts it in the largest 30% of detached houses in Rookley, based on EPC data. The below chart shows the distribution of detached houses by size in Rookley, and where CORRIS lies on this distribution: 72% of detached houses are smaller than CORRIS, and 28% of houses are larger. Note that EPC data is not available for all properties in Rookley.

CORRIS: Plot and Title Map

CORRIS sits on a plot of roughly 0.275 of an acre, or 1,113m². The below map shows the location of CORRIS, 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 CORRIS). 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 CORRIS?

CORRIS is located on MAIN ROAD in ROOKLEY, in the PO38 postcode district. The below map shows the position of CORRIS on MAIN ROAD.