PRIMROSE BANK, GROVE ROAD, VENTNOR, PO38 1TS - £475,000

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

PRIMROSE BANK is a very large extended detached house of 204m², built sometime before 1900. It was last sold for £475,000 in August 2015, which was around 70% above the average August 2015 detached price in the Isle of Wight local authority area. The most recent EPC inspection was August 2023, where the current energy rating was E, and the potential energy rating was C.

PRIMROSE BANK Sold Prices

Land registry data shows two sales for PRIMROSE BANK 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 PRIMROSE BANK 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
2015 17 AUG	£475,000	£279,826	70% above HPI
2005 25 MAY	£450,000	£232,749	93% above HPI

PRIMROSE BANK 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 PRIMROSE BANK sales from May 2005 and August 2015 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 2005 sale was for 93% above the HPI. So the extrapolation line tracks at 93% above the HPI over time, until the August 2015 sale, where it falls to 70% above the HPI. The line then continues to track at 70% above the HPI.

How Large is PRIMROSE BANK?

PRIMROSE BANK is 204m², which includes one extension, according to the EPC inspection conducted in August 2023. 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 PRIMROSE BANK lies on this distribution: 88% of detached houses are smaller than PRIMROSE BANK, and 12% of houses are larger. Note that EPC data is not available for all properties in Ventnor.

PRIMROSE BANK: Plot and Title Map

PRIMROSE BANK sits on a plot of roughly 0.261 of an acre, or 1,054m². The below map shows the location of PRIMROSE BANK, 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 PRIMROSE BANK). 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 PRIMROSE BANK?

PRIMROSE BANK is located on GROVE ROAD in VENTNOR, in the PO38 postcode district. The below map shows the position of PRIMROSE BANK on GROVE ROAD.