FORTUNESWELL, ST JOHNS ROAD, WROXALL, VENTNOR, PO38 3EF - £255,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

FORTUNESWELL is a small detached house of 79m², which could now be worth an estimated £300,969. It was last sold for £255,000 in October 2020, which was around 26% below the average October 2020 detached price in the Isle of Wight local authority area. The most recent EPC inspection was September 2009, where the current energy rating was B, and the potential energy rating was B.

FORTUNESWELL Sold Prices

Land registry data shows two sales for FORTUNESWELL 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. Both of the two FORTUNESWELL 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
2020 27 OCT	£255,000	£344,934	26% below HPI
2009 7 OCT	£202,000	£240,321	16% below HPI

FORTUNESWELL 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 FORTUNESWELL sales from October 2009 and October 2020 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 October 2009 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the October 2020 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might FORTUNESWELL be worth now?

FORTUNESWELL might now be worth an estimated £300,969.

This is based on house price inflation of 18%, between October 2020 and February 2025, for detached houses, in the Isle of Wight local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 18% inflationary increase is applied to the most recent sale price for FORTUNESWELL of £255,000 on 27th October 2020. For the value to have increased from £255,000 to £300,969 over the five years and eight months to February 2025, the following assumptions must hold true:

• The value of FORTUNESWELL has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The October 2020 sale price of £255,000 represented a fair market value for the property.
• The size, condition, and specification of FORTUNESWELL has not materially changed since October 2020.

How Large is FORTUNESWELL?

FORTUNESWELL is 79m² according to the EPC inspection conducted in September 2009. This puts it in the smallest 40% of detached houses houses in Wroxall, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wroxall, and where FORTUNESWELL lies on this distribution: 36% of detached houses houses are smaller than FORTUNESWELL, and 64% of houses are larger. Note that EPC data is not available for all properties in Wroxall.

FORTUNESWELL: Plot and Title Map

FORTUNESWELL sits on a plot of roughly 0.108 of an acre, or 437m². The below map shows the location of FORTUNESWELL, 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 FORTUNESWELL). 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 FORTUNESWELL?

FORTUNESWELL is located on ST JOHNS ROAD in WROXALL, in the PO38 postcode district. The below map shows the position of FORTUNESWELL on ST JOHNS ROAD.