GREBE COTTAGE, BONCHURCH VILLAGE ROAD, VENTNOR, PO38 1RG - £278,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

GREBE COTTAGE is a small semi-detached house of 90m², built sometime before 1900, which could now be worth an estimated £401,906. It was last sold for £278,000 in August 2016, which was around 41% above the average August 2016 semi-detached price in the Isle of Wight local authority area. The most recent EPC inspection was April 2013, where the current energy rating was E, and the potential energy rating was C.

GREBE COTTAGE Sold Prices

Land registry data shows four sales for GREBE COTTAGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Isle of Wight local authority area for the corresponding sale date. All of the four GREBE COTTAGE 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
2016 19 AUG	£278,000	£197,253	41% above HPI
2001 30 MAR	£110,000	£84,475	30% above HPI
1997 16 APR	£53,250	£47,874	11% above HPI
1995 14 SEP	£62,000	£44,998	38% above HPI

GREBE COTTAGE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Isle of Wight local authority area over time, sourced from the HPI. The four GREBE COTTAGE sales between September 1995 and August 2016 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 March 2001 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the August 2016 sale, where it rises to 41% above the HPI. The line then continues to track at 41% above the HPI.

What might GREBE COTTAGE be worth now?

GREBE COTTAGE might now be worth an estimated £401,906.

This is based on house price inflation of 44.6%, between August 2016 and February 2025, for semi-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 44.6% inflationary increase is applied to the most recent sale price for GREBE COTTAGE of £278,000 on 19th August 2016. For the value to have increased from £278,000 to £401,906 over the nine years and six months to February 2025, the following assumptions must hold true:

• The value of GREBE COTTAGE has moved in line with the HPI for semi-detached houses in the Isle of Wight local authority area.
• The August 2016 sale price of £278,000 represented a fair market value for the property.
• The size, condition, and specification of GREBE COTTAGE has not materially changed since August 2016.

How Large is GREBE COTTAGE?

GREBE COTTAGE is 90m² according to the EPC inspection conducted in April 2013. This puts it in the smallest 30% of semi-detached houses houses in Ventnor, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Ventnor, and where GREBE COTTAGE lies on this distribution: 21% of semi-detached houses houses are smaller than GREBE COTTAGE, and 78% of houses are larger. Note that EPC data is not available for all properties in Ventnor.

GREBE COTTAGE: Plot and Title Map

GREBE COTTAGE sits on a plot of roughly 0.037 of an acre, or 148m². The below map shows the location of GREBE 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 GREBE 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 GREBE COTTAGE?

GREBE COTTAGE is located on BONCHURCH VILLAGE ROAD in VENTNOR, in the PO38 postcode district. The below map shows the position of GREBE COTTAGE on BONCHURCH VILLAGE ROAD.