SANDSTONES, LACEYS LANE, NITON, VENTNOR, PO38 2DN - £630,000

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.

SANDSTONES is a very large extended detached house of 155m², built sometime before 1900, which could now be worth an estimated £650,700. It was last sold for £630,000 in December 2021, which was around 60% above the average December 2021 detached price in the Isle of Wight local authority area. The most recent EPC inspection was July 2014, where the current energy rating was D, and the potential energy rating was B.

SANDSTONES Sold Prices

Land registry data shows two sales for SANDSTONES 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 SANDSTONES 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 DEC	£630,000	£394,165	60% above HPI
2004 29 JAN	£250,000	£205,394	22% above HPI

SANDSTONES 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 SANDSTONES sales from January 2004 and December 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 January 2004 sale was for 22% above the HPI. So the extrapolation line tracks at 22% above the HPI over time, until the December 2021 sale, where it rises to 60% above the HPI. The line then continues to track at 60% above the HPI.

What might SANDSTONES be worth now?

SANDSTONES might now be worth an estimated £650,700.

This is based on house price inflation of 3.3%, between December 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 3.3% inflationary increase is applied to the most recent sale price for SANDSTONES of £630,000 on 13th December 2021. For the value to have increased from £630,000 to £650,700 over the four years and ten months to February 2025, the following assumptions must hold true:

• The value of SANDSTONES has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The December 2021 sale price of £630,000 represented a fair market value for the property.
• The size, condition, and specification of SANDSTONES has not materially changed since December 2021.

How Large is SANDSTONES?

SANDSTONES is 155m², which includes one extension, according to the EPC inspection conducted in July 2014. This puts it in the largest 20% of detached houses houses in Niton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Niton, and where SANDSTONES lies on this distribution: 84% of detached houses houses are smaller than SANDSTONES, and 16% of houses are larger. Note that EPC data is not available for all properties in Niton.

SANDSTONES: Plot and Title Map

SANDSTONES sits on a plot of roughly 0.120 of an acre, or 485m². The below map shows the location of SANDSTONES, 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 SANDSTONES). 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 SANDSTONES?

SANDSTONES is located on LACEYS LANE in NITON, in the PO38 postcode district. The below map shows the position of SANDSTONES on LACEYS LANE.