MARULA, CASTLE ROAD, VENTNOR, PO38 1LG - £295,000

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.

MARULA is a very small extended detached house of 76m², built sometime between 1950 and 1966, which could now be worth an estimated £457,455. It was last sold for £295,000 in May 2015, which was around 12% above the average May 2015 detached price in the Isle of Wight local authority area. The most recent EPC inspection was May 2014, where the current energy rating was D, and the potential energy rating was C.

MARULA Sold Prices

Land registry data shows three sales for MARULA 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. One of the three MARULA sales was for above the average price, whilst two were for below 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
2015 11 MAY	£295,000	£262,538	12% above HPI
1996 9 DEC	£56,500	£69,728	19% below HPI
1995 5 JUL	£42,500	£67,051	37% below HPI

MARULA 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 MARULA sales between July 1995 and May 2015 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 December 1996 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the May 2015 sale, where it rises to 12% above the HPI. The line then continues to track at 12% above the HPI.

What might MARULA be worth now?

MARULA might now be worth an estimated £457,455.

This is based on house price inflation of 55.1%, between May 2015 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 55.1% inflationary increase is applied to the most recent sale price for MARULA of £295,000 on 11th May 2015. For the value to have increased from £295,000 to £457,455 over the ten years and three months to February 2025, the following assumptions must hold true:

• The value of MARULA has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The May 2015 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of MARULA has not materially changed since May 2015.

How Large is MARULA?

MARULA is 76m², which includes two extensions, according to the EPC inspection conducted in May 2014. This puts it in the smallest 10% of detached houses houses in Ventnor, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ventnor, and where MARULA lies on this distribution: 10% of detached houses houses are smaller than MARULA, and 89% of houses are larger. Note that EPC data is not available for all properties in Ventnor.

MARULA: Plot and Title Map

MARULA sits on a plot of roughly 0.151 of an acre, or 611m². The below map shows the location of MARULA, 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 MARULA). 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 MARULA?

MARULA is located on CASTLE ROAD in VENTNOR, in the PO38 postcode district. The below map shows the position of MARULA on CASTLE ROAD.