PINE POINT, GILLS CLIFF ROAD, VENTNOR, PO38 1AD - £150,000

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

PINE POINT is a very large detached house of 252m², built sometime between 1950 and 1966. It was last sold for £150,000 in July 2002, which was around 11% below the average July 2002 detached price in the Isle of Wight local authority area. The most recent EPC inspection was January 2014, where the current energy rating was D, and the potential energy rating was C.

PINE POINT Sold Prices

Land registry data shows two sales for PINE POINT 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 PINE POINT sales were 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
2002 11 JUL	£150,000	£167,707	11% below HPI
1999 14 MAY	£65,000	£97,717	33% below HPI

PINE POINT 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 PINE POINT sales from May 1999 and July 2002 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 1999 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the July 2002 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is PINE POINT?

PINE POINT is 252m² according to the EPC inspection conducted in January 2014. This puts it in the largest 10% of detached houses in Ventnor, based on EPC data. The below chart shows the distribution of detached houses by size in Ventnor, and where PINE POINT lies on this distribution: 95% of detached houses are smaller than PINE POINT, and 5% of houses are larger. Note that EPC data is not available for all properties in Ventnor.

PINE POINT: Plot and Title Map

PINE POINT sits on a plot of roughly 0.341 of an acre, or 1,378m². The below map shows the location of PINE POINT, 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 PINE POINT). 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 PINE POINT?

PINE POINT is located on GILLS CLIFF ROAD in VENTNOR, in the PO38 postcode district. The below map shows the position of PINE POINT on GILLS CLIFF ROAD.