DRIFTERS, LACEYS LANE, NITON, VENTNOR, PO38 2DN - £259,000

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

DRIFTERS is a very small detached house of 73m², built sometime between 1991 and 1995. It was last sold for £259,000 in December 2011, which was around 2% above the average December 2011 detached price in the Isle of Wight local authority area. The most recent EPC inspection was December 2014, where the current energy rating was D, and the potential energy rating was A.

DRIFTERS Sold Prices

Land registry data shows five sales for DRIFTERS since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. Most of the five DRIFTERS sales were 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
2011 7 DEC	£259,000	£253,640	2% above HPI
2007 31 AUG	£225,000	£263,269	15% below HPI
2006 7 JUL	£110,000	£247,337	56% below HPI
2001 27 MAR	£125,000	£133,161	6% below HPI
1995 25 AUG	£69,000	£69,856	1% below HPI

DRIFTERS 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 five DRIFTERS sales between August 1995 and December 2011 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 2007 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the December 2011 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

How Large is DRIFTERS?

DRIFTERS is 73m² according to the EPC inspection conducted in December 2014. This puts it in the smallest 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 DRIFTERS lies on this distribution: 18% of detached houses are smaller than DRIFTERS, and 82% of houses are larger. Note that EPC data is not available for all properties in Niton.

DRIFTERS: Plot and Title Map

DRIFTERS sits on a plot of roughly 0.101 of an acre, or 409m². The below map shows the location of DRIFTERS, 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 DRIFTERS). 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 DRIFTERS?

DRIFTERS is located on LACEYS LANE in NITON, in the PO38 postcode district. The below map shows the position of DRIFTERS on LACEYS LANE.