GROVES COTTAGE, SUMMERS LANE, TOTLAND BAY, PO39 0HQ - £597,000

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.

GROVES COTTAGE is a large extended detached house of 155m², built sometime between 1930 and 1949, which could now be worth an estimated £603,821. It was last sold for £597,000 in December 2024, which was around 48% above the average December 2024 detached price in the Isle of Wight local authority area. The most recent EPC inspection was September 2016, where the current energy rating was D, and the potential energy rating was C.

GROVES COTTAGE Sold Prices

Land registry data shows three sales for GROVES COTTAGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. All of the three GROVES 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
2024 13 DEC	£597,000	£402,517	48% above HPI
2020 5 NOV	£435,000	£353,880	23% above HPI
1999 23 SEP	£155,950	£100,986	54% above HPI

GROVES COTTAGE 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 three GROVES COTTAGE sales between September 1999 and December 2024 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 November 2020 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the December 2024 sale, where it rises to 48% above the HPI. The line then continues to track at 48% above the HPI.

What might GROVES COTTAGE be worth now?

GROVES COTTAGE might now be worth an estimated £603,821.

This is based on house price inflation of 1.1%, between December 2024 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 1.1% inflationary increase is applied to the most recent sale price for GROVES COTTAGE of £597,000 on 13th December 2024. For the value to have increased from £597,000 to £603,821 over the one year and ten months to February 2025, the following assumptions must hold true:

• The value of GROVES COTTAGE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The December 2024 sale price of £597,000 represented a fair market value for the property.
• The size, condition, and specification of GROVES COTTAGE has not materially changed since December 2024.

How Large is GROVES COTTAGE?

GROVES COTTAGE is 155m², which includes one extension, according to the EPC inspection conducted in September 2016. This puts it in the largest 30% of detached houses houses in Totland, based on EPC data. The below chart shows the distribution of detached houses houses by size in Totland, and where GROVES COTTAGE lies on this distribution: 73% of detached houses houses are smaller than GROVES COTTAGE, and 27% of houses are larger. Note that EPC data is not available for all properties in Totland.

GROVES COTTAGE: Plot and Title Map

GROVES COTTAGE sits on a plot of roughly 0.331 of an acre, or 1,340m². The below map shows the location of GROVES 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 GROVES 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 GROVES COTTAGE?

GROVES COTTAGE is located on SUMMERS LANE in TOTLAND BAY, in the PO39 postcode district. The below map shows the position of GROVES COTTAGE on SUMMERS LANE.