KASTER OAKLANDS, LACEYS LANE, NITON, VENTNOR, PO38 2DN - £240,000

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.

KASTER OAKLANDS is a very small semi-detached house of 73m², built sometime between 1967 and 1975, which could now be worth an estimated £322,325. It was last sold for £240,000 in August 2018, which was around 13% above the average August 2018 semi-detached price in the Isle of Wight local authority area. The most recent EPC inspection was March 2017, where the current energy rating was F, and the potential energy rating was C.

KASTER OAKLANDS Sold Prices

Land registry data shows four sales for KASTER OAKLANDS 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 KASTER OAKLANDS 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
2018 9 AUG	£240,000	£212,335	13% above HPI
2002 14 JUN	£135,000	£103,497	30% above HPI
2000 20 OCT	£90,000	£80,298	12% above HPI
1998 6 OCT	£66,000	£58,949	12% above HPI

KASTER OAKLANDS 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 KASTER OAKLANDS sales between October 1998 and August 2018 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 June 2002 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the August 2018 sale, where it falls to 13% above the HPI. The line then continues to track at 13% above the HPI.

What might KASTER OAKLANDS be worth now?

KASTER OAKLANDS might now be worth an estimated £322,325.

This is based on house price inflation of 34.3%, between August 2018 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 34.3% inflationary increase is applied to the most recent sale price for KASTER OAKLANDS of £240,000 on 9th August 2018. For the value to have increased from £240,000 to £322,325 over the seven years and six months to February 2025, the following assumptions must hold true:

• The value of KASTER OAKLANDS has moved in line with the HPI for semi-detached houses in the Isle of Wight local authority area.
• The August 2018 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of KASTER OAKLANDS has not materially changed since August 2018.

How Large is KASTER OAKLANDS?

KASTER OAKLANDS is 73m² according to the EPC inspection conducted in March 2017. This puts it in the smallest 20% of semi-detached houses houses in Niton, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Niton, and where KASTER OAKLANDS lies on this distribution: 18% of semi-detached houses houses are smaller than KASTER OAKLANDS, and 81% of houses are larger. Note that EPC data is not available for all properties in Niton.

KASTER OAKLANDS: Plot and Title Map

KASTER OAKLANDS sits on a plot of roughly 0.125 of an acre, or 506m². The below map shows the location of KASTER OAKLANDS, 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 KASTER OAKLANDS). 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 KASTER OAKLANDS?

KASTER OAKLANDS is located on LACEYS LANE in NITON, in the PO38 postcode district. The below map shows the position of KASTER OAKLANDS on LACEYS LANE.