MYRTLE COTTAGE, BONCHURCH SHUTE, VENTNOR, PO38 1NX - £345,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

MYRTLE COTTAGE is a midsized extended detached house of 123m², built sometime before 1900, which could now be worth an estimated £552,019. It was last sold for £345,000 in October 2013, which was around 38% above the average October 2013 detached price in the Isle of Wight local authority area. The most recent EPC inspection was August 2011, where the current energy rating was F, and the potential energy rating was F.

MYRTLE COTTAGE Sold Prices

Land registry data shows two sales for MYRTLE COTTAGE 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 MYRTLE COTTAGE 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 29 OCT	£345,000	£250,662	38% above HPI
1998 20 JAN	£132,000	£82,096	61% above HPI

MYRTLE COTTAGE 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 MYRTLE COTTAGE sales from January 1998 and October 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 January 1998 sale was for 61% above the HPI. So the extrapolation line tracks at 61% above the HPI over time, until the October 2013 sale, where it falls to 38% above the HPI. The line then continues to track at 38% above the HPI.

What might MYRTLE COTTAGE be worth now?

MYRTLE COTTAGE might now be worth an estimated £552,019.

This is based on house price inflation of 60%, between October 2013 and December 2024, 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 60% inflationary increase is applied to the most recent sale price for MYRTLE COTTAGE of £345,000 on 29th October 2013. For the value to have increased from £345,000 to £552,019 over the ten years and ten months to December 2024, the following assumptions must hold true:

• The value of MYRTLE COTTAGE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The October 2013 sale price of £345,000 represented a fair market value for the property.
• The size, condition, and specification of MYRTLE COTTAGE has not materially changed since October 2013.

How Large is MYRTLE COTTAGE?

MYRTLE COTTAGE is 123m², which includes one extension, according to the EPC inspection conducted in August 2011. This puts it in the largest 50% 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 MYRTLE COTTAGE lies on this distribution: 52% of detached houses houses are smaller than MYRTLE COTTAGE, and 48% of houses are larger. Note that EPC data is not available for all properties in Ventnor.

MYRTLE COTTAGE: Plot and Title Map

MYRTLE COTTAGE sits on a plot of roughly 0.073 of an acre, or 297m². The below map shows the location of MYRTLE COTTAGE, 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 MYRTLE COTTAGE). 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 MYRTLE COTTAGE?

MYRTLE COTTAGE is located on BONCHURCH SHUTE in VENTNOR, in the PO38 postcode district. The below map shows the position of MYRTLE COTTAGE on BONCHURCH SHUTE.