MELBURY, NEWPORT ROAD, NITON, VENTNOR, PO38 2DB - £365,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

MELBURY is a very large extended detached house of 153m², built sometime before 1900. It was last sold for £365,000 in May 2013, which was around 50% above the average May 2013 detached price in the Isle of Wight local authority area. The most recent EPC inspection was October 2012, where the current energy rating was G, and the potential energy rating was C.

MELBURY Sold Prices

Land registry data shows two sales for MELBURY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. Both of the two MELBURY 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
2013 14 MAY	£365,000	£243,197	50% above HPI
1999 20 OCT	£170,000	£105,421	61% above HPI

MELBURY 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 two MELBURY sales from October 1999 and May 2013 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 1999 sale was for 61% above the HPI. So the extrapolation line tracks at 61% above the HPI over time, until the May 2013 sale, where it falls to 50% above the HPI. The line then continues to track at 50% above the HPI.

How Large is MELBURY?

MELBURY is 153m², which includes two extensions, according to the EPC inspection conducted in October 2012. This puts it in the largest 20% of detached houses in Niton, based on EPC data. The below chart shows the distribution of detached houses by size in Niton, and where MELBURY lies on this distribution: 83% of detached houses are smaller than MELBURY, and 17% of houses are larger. Note that EPC data is not available for all properties in Niton.

MELBURY: Plot and Title Map

MELBURY sits on a plot of roughly 0.428 of an acre, or 1,733m². The below map shows the location of MELBURY, 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 MELBURY). 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 MELBURY?

MELBURY is located on NEWPORT ROAD in NITON, in the PO38 postcode district. The below map shows the position of MELBURY on NEWPORT ROAD.