LAKE VIEW, MAIN ROAD, ROOKLEY, VENTNOR, PO38 3NF - £330,000

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

LAKE VIEW is a large detached house of 136m², built sometime between 1967 and 1975. It was last sold for £330,000 in June 2022, which was around 22% below the average June 2022 detached price in the Isle of Wight local authority area. The most recent EPC inspection was March 2013, where the current energy rating was F, and the potential energy rating was D.

LAKE VIEW Sold Prices

Land registry data shows four sales for LAKE VIEW since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. Most of the four LAKE VIEW 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
2022 9 JUN	£330,000	£423,043	22% below HPI
2007 1 OCT	£320,000	£273,234	17% above HPI
2002 14 OCT	£179,950	£178,593	1% above HPI
1998 28 APR	£110,000	£84,592	30% above HPI

LAKE VIEW 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 four LAKE VIEW sales between April 1998 and June 2022 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 October 2007 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the June 2022 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is LAKE VIEW?

LAKE VIEW is 136m² according to the EPC inspection conducted in March 2013. This puts it in the largest 30% of detached houses in Rookley, based on EPC data. The below chart shows the distribution of detached houses by size in Rookley, and where LAKE VIEW lies on this distribution: 77% of detached houses are smaller than LAKE VIEW, and 23% of houses are larger. Note that EPC data is not available for all properties in Rookley.

LAKE VIEW: Plot and Title Map

LAKE VIEW sits on a plot of roughly 0.201 of an acre, or 812m². The below map shows the location of LAKE VIEW, 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 LAKE VIEW). 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 LAKE VIEW?

LAKE VIEW is located on MAIN ROAD in ROOKLEY, in the PO38 postcode district. The below map shows the position of LAKE VIEW on MAIN ROAD.