PACKHORSE COTTAGE, NITON ROAD, ROOKLEY, VENTNOR, PO38 3NU - £625,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

PACKHORSE COTTAGE is a very large extended detached house of 205m², built sometime before 1900, which could now be worth an estimated £710,684. It was last sold for £625,000 in May 2021, which was around 75% above the average May 2021 detached price in the Isle of Wight local authority area. The most recent EPC inspection was March 2013, where the current energy rating was F, and the potential energy rating was D.

PACKHORSE COTTAGE Sold Prices

Land registry data shows two sales for PACKHORSE 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 PACKHORSE 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
2021 13 MAY	£625,000	£358,032	75% above HPI
2014 18 JUN	£400,000	£266,270	50% above HPI

PACKHORSE 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 PACKHORSE COTTAGE sales from June 2014 and May 2021 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 June 2014 sale was for 50% above the HPI. So the extrapolation line tracks at 50% above the HPI over time, until the May 2021 sale, where it rises to 75% above the HPI. The line then continues to track at 75% above the HPI.

What might PACKHORSE COTTAGE be worth now?

PACKHORSE COTTAGE might now be worth an estimated £710,684.

This is based on house price inflation of 13.7%, between May 2021 and February 2025, 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 13.7% inflationary increase is applied to the most recent sale price for PACKHORSE COTTAGE of £625,000 on 13th May 2021. For the value to have increased from £625,000 to £710,684 over the four years and three months to February 2025, the following assumptions must hold true:

• The value of PACKHORSE COTTAGE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The May 2021 sale price of £625,000 represented a fair market value for the property.
• The size, condition, and specification of PACKHORSE COTTAGE has not materially changed since May 2021.

How Large is PACKHORSE COTTAGE?

PACKHORSE COTTAGE is 205m², which includes three extensions, according to the EPC inspection conducted in March 2013. This puts it in the largest 10% of detached houses houses in Rookley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Rookley, and where PACKHORSE COTTAGE lies on this distribution: More than 99% of detached houses houses are smaller than PACKHORSE COTTAGE, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Rookley.

PACKHORSE COTTAGE: Plot and Title Map

PACKHORSE COTTAGE sits on a plot of roughly 0.176 of an acre, or 712m². The below map shows the location of PACKHORSE 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 PACKHORSE 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 PACKHORSE COTTAGE?

PACKHORSE COTTAGE is located on NITON ROAD in ROOKLEY, in the PO38 postcode district. The below map shows the position of PACKHORSE COTTAGE on NITON ROAD.