MONTREES, SOUTHGROVE ROAD, VENTNOR, PO38 1TW - £250,000

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

MONTREES is a very large extended detached house of 188m², built sometime between 1967 and 1975. It was last sold for £250,000 in June 2018, which was around 20% below the average June 2018 detached price in the Isle of Wight local authority area. The most recent EPC inspection was April 2018, where the current energy rating was D, and the potential energy rating was C.

MONTREES Sold Prices

Land registry data shows two sales for MONTREES 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 MONTREES sales was for below the average price, whilst the other was 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
2018 5 JUN	£250,000	£311,374	20% below HPI
1996 14 MAY	£93,000	£69,152	34% above HPI

MONTREES 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 MONTREES sales from May 1996 and June 2018 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 May 1996 sale was for 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the June 2018 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is MONTREES?

MONTREES is 188m², which includes one extension, according to the EPC inspection conducted in April 2018. This puts it in the largest 20% of detached houses in Ventnor, based on EPC data. The below chart shows the distribution of detached houses by size in Ventnor, and where MONTREES lies on this distribution: 85% of detached houses are smaller than MONTREES, and 15% of houses are larger. Note that EPC data is not available for all properties in Ventnor.

MONTREES: Plot and Title Map

MONTREES sits on a plot of roughly 0.418 of an acre, or 1,691m². The below map shows the location of MONTREES, 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 MONTREES). 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 MONTREES?

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