GREEN ACRES, CHALE STREET, CHALE GREEN, VENTNOR, PO38 2JQ - £200,000

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.

GREEN ACRES is a large extended detached house of 158m², built sometime between 1976 and 1982, which could now be worth an estimated £248,864. It was last sold for £200,000 in June 2020, which was around 39% below the average June 2020 detached price in the Isle of Wight local authority area. The most recent EPC inspection was February 2020, where the current energy rating was E, and the potential energy rating was C.

GREEN ACRES Sold Prices

Land registry data shows two sales for GREEN ACRES 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 GREEN ACRES sales was for below the average price, whilst the other was 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
2020 25 JUN	£200,000	£327,180	39% below HPI
2004 30 APR	£250,000	£208,101	20% above HPI

GREEN ACRES 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 GREEN ACRES sales from April 2004 and June 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 April 2004 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the June 2020 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

What might GREEN ACRES be worth now?

GREEN ACRES might now be worth an estimated £248,864.

This is based on house price inflation of 24.4%, between June 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 24.4% inflationary increase is applied to the most recent sale price for GREEN ACRES of £200,000 on 25th June 2020. For the value to have increased from £200,000 to £248,864 over the five years and four months to February 2025, the following assumptions must hold true:

• The value of GREEN ACRES has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The June 2020 sale price of £200,000 represented a fair market value for the property.
• The size, condition, and specification of GREEN ACRES has not materially changed since June 2020.

How Large is GREEN ACRES?

GREEN ACRES is 158m², which includes three extensions, according to the EPC inspection conducted in February 2020. This puts it in the largest 30% of detached houses houses in Chale, based on EPC data. The below chart shows the distribution of detached houses houses by size in Chale, and where GREEN ACRES lies on this distribution: 72% of detached houses houses are smaller than GREEN ACRES, and 28% of houses are larger. Note that EPC data is not available for all properties in Chale.

GREEN ACRES: Plot and Title Map

GREEN ACRES sits on a plot of roughly 0.306 of an acre, or 1,237m². The below map shows the location of GREEN ACRES, 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 GREEN ACRES). 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 GREEN ACRES?

GREEN ACRES is located on CHALE STREET in CHALE GREEN, in the PO38 postcode district. The below map shows the position of GREEN ACRES on CHALE STREET.