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

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

GREEN ACRES is a large extended detached house of 158m², built sometime between 1976 and 1982. It was last sold for £200,000 in June 2020, which was around 40% 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	£334,146	40% below HPI
2004 30 APR	£250,000	£212,531	18% 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 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the June 2020 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

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 in Chale, based on EPC data. The below chart shows the distribution of detached houses by size in Chale, and where GREEN ACRES lies on this distribution: 70% of detached houses are smaller than GREEN ACRES, and 30% 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.