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

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

PRIMROSE BANK is a very large extended detached house of 204m², built sometime before 1900, which could now be worth an estimated £695,309. It was last sold for £475,000 in August 2015, which was around 73% 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	£273,993	73% above HPI
2005 25 MAY	£450,000	£227,897	97% 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 97% above the HPI. So the extrapolation line tracks at 97% above the HPI over time, until the August 2015 sale, where it falls to 73% above the HPI. The line then continues to track at 73% above the HPI.

What might PRIMROSE BANK be worth now?

PRIMROSE BANK might now be worth an estimated £695,309.

This is based on house price inflation of 46.4%, between August 2015 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 46.4% inflationary increase is applied to the most recent sale price for PRIMROSE BANK of £475,000 on 17th August 2015. For the value to have increased from £475,000 to £695,309 over the eight years and eight months to December 2024, the following assumptions must hold true:

• The value of PRIMROSE BANK has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The August 2015 sale price of £475,000 represented a fair market value for the property.
• The size, condition, and specification of PRIMROSE BANK has not materially changed since August 2015.

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 houses in Ventnor, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ventnor, and where PRIMROSE BANK lies on this distribution: 88% of detached houses 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 0.260 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.