SPRING COTTAGE, BONCHURCH VILLAGE ROAD, VENTNOR, PO38 1RQ - £675,000

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

SPRING COTTAGE is a very large extended detached house of 184m², built sometime before 1900. It was last sold for £675,000 in June 2021, which was around 83% above the average June 2021 detached price in the Isle of Wight local authority area. The most recent EPC inspection was May 2019, where the current energy rating was D, and the potential energy rating was C.

SPRING COTTAGE Sold Prices

Land registry data shows three sales for SPRING COTTAGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. All of the three SPRING COTTAGE 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 2 JUN	£675,000	£369,466	83% above HPI
2009 10 AUG	£710,000	£235,539	201% above HPI
1999 2 DEC	£200,000	£108,185	85% above HPI

SPRING COTTAGE 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 three SPRING COTTAGE sales between December 1999 and June 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 August 2009 sale was for 201% above the HPI. So the extrapolation line tracks at 201% above the HPI over time, until the June 2021 sale, where it falls to 83% above the HPI. The line then continues to track at 83% above the HPI.

How Large is SPRING COTTAGE?

SPRING COTTAGE is 184m², which includes four extensions, according to the EPC inspection conducted in May 2019. 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 SPRING COTTAGE lies on this distribution: 84% of detached houses are smaller than SPRING COTTAGE, and 16% of houses are larger. Note that EPC data is not available for all properties in Ventnor.

SPRING COTTAGE: Plot and Title Map

SPRING COTTAGE sits on a plot of roughly 0.748 of an acre, or 3,026m². The below map shows the location of SPRING COTTAGE, 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 SPRING COTTAGE). 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 SPRING COTTAGE?

SPRING COTTAGE is located on BONCHURCH VILLAGE ROAD in VENTNOR, in the PO38 postcode district. The below map shows the position of SPRING COTTAGE on BONCHURCH VILLAGE ROAD.