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

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

SANDSTONES is a very large extended detached house of 155m², built sometime before 1900. It was last sold for £630,000 in December 2021, which was around 56% 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	£402,556	56% above HPI
2004 29 JAN	£250,000	£209,766	19% 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 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the December 2021 sale, where it rises to 56% above the HPI. The line then continues to track at 56% above the HPI.

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 in Niton, based on EPC data. The below chart shows the distribution of detached houses by size in Niton, and where SANDSTONES lies on this distribution: 83% of detached houses are smaller than SANDSTONES, and 17% 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.