MELVILLE GLEN, MELVILLE STREET, SANDOWN, PO36 9DF - £625,000

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

MELVILLE GLEN is a very large extended detached house of 162m², built sometime between 1983 and 1990. It was last sold for £625,000 in May 2022, which was around 50% above the average May 2022 detached price in the Isle of Wight local authority area. The most recent EPC inspection was November 2021, where the current energy rating was C, and the potential energy rating was B.

MELVILLE GLEN Sold Prices

Land registry data shows two sales for MELVILLE GLEN 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. One of the two MELVILLE GLEN sales was for above the average price, whilst the other was 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
2022 4 MAY	£625,000	£416,726	50% above HPI
2007 31 JAN	£220,000	£258,033	15% below HPI

MELVILLE GLEN 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 MELVILLE GLEN sales from January 2007 and May 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 January 2007 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the May 2022 sale, where it rises to 50% above the HPI. The line then continues to track at 50% above the HPI.

How Large is MELVILLE GLEN?

MELVILLE GLEN is 162m², which includes one extension, according to the EPC inspection conducted in November 2021. This puts it in the largest 20% of detached houses in Sandown, based on EPC data. The below chart shows the distribution of detached houses by size in Sandown, and where MELVILLE GLEN lies on this distribution: 89% of detached houses are smaller than MELVILLE GLEN, and 10% of houses are larger. Note that EPC data is not available for all properties in Sandown.

MELVILLE GLEN: Plot and Title Map

MELVILLE GLEN sits on a plot of roughly 0.219 of an acre, or 884m². The below map shows the location of MELVILLE GLEN, 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 MELVILLE GLEN). 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 MELVILLE GLEN?

MELVILLE GLEN is located on MELVILLE STREET in SANDOWN, in the PO36 postcode district. The below map shows the position of MELVILLE GLEN on MELVILLE STREET.