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

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

MARULA is a very small extended detached house of 76m², built sometime between 1950 and 1966. It was last sold for £295,000 in May 2015, which was around 10% 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	£268,128	10% above HPI
1996 9 DEC	£56,500	£71,212	21% below HPI
1995 5 JUL	£42,500	£68,479	38% 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 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the May 2015 sale, where it rises to 10% above the HPI. The line then continues to track at 10% above the HPI.

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 in Ventnor, based on EPC data. The below chart shows the distribution of detached houses by size in Ventnor, and where MARULA lies on this distribution: 10% of detached 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.