DEMARIS, LANE END ROAD, BEMBRIDGE, PO35 5UE - £590,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

DEMARIS is a very large extended detached house of 187m², built sometime between 1950 and 1966. It was last sold for £590,000 in August 2013, which was around 131% above the average August 2013 detached price in the Isle of Wight local authority area. The most recent EPC inspection was May 2013, where the current energy rating was C, and the potential energy rating was B.

DEMARIS Sold Prices

Land registry data shows two sales for DEMARIS 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 DEMARIS sales was for above the average price, whilst the other was 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
2013 6 AUG	£590,000	£255,361	131% above HPI
2010 26 FEB	£237,500	£248,727	5% below HPI

DEMARIS 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 DEMARIS sales from February 2010 and August 2013 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 February 2010 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the August 2013 sale, where it rises to 131% above the HPI. The line then continues to track at 131% above the HPI.

How Large is DEMARIS?

DEMARIS is 187m², which includes one extension, according to the EPC inspection conducted in May 2013. This puts it in the largest 20% of detached houses in Bembridge, based on EPC data. The below chart shows the distribution of detached houses by size in Bembridge, and where DEMARIS lies on this distribution: 83% of detached houses are smaller than DEMARIS, and 17% of houses are larger. Note that EPC data is not available for all properties in Bembridge.

DEMARIS: Plot and Title Map

DEMARIS sits on a plot of roughly 0.154 of an acre, or 625m². The below map shows the location of DEMARIS, 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 DEMARIS). 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 DEMARIS?

DEMARIS is located on LANE END ROAD in BEMBRIDGE, in the PO35 postcode district. The below map shows the position of DEMARIS on LANE END ROAD.