SPRINGBANK, CHURCH STREET, NITON, VENTNOR, PO38 2DA - £289,950

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

SPRINGBANK is a midsized detached house of 109m², built sometime between 1950 and 1966. It was last sold for £289,950 in June 2021, which was around 22% below the average June 2021 detached price in the Isle of Wight local authority area. The most recent EPC inspection was August 2024, where the current energy rating was C, and the potential energy rating was B.

SPRINGBANK Sold Prices

Land registry data shows three sales for SPRINGBANK since 1st 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 SPRINGBANK sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

DatePriceHPI PriceVariation from HPI
2021
28 JUN
£289,950£369,466
down arrow
22% below HPI
2018
1 MAR
£270,000£306,446
down arrow
12% below HPI
2015
23 OCT
£197,000£286,326
down arrow
31% below HPI

SPRINGBANK 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 SPRINGBANK sales between October 2015 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 March 2018 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the June 2021 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

SPRINGBANK, CHURCH STREET, NITON, VENTNOR, PO38 2DA: Price paid vs HM Land Registry's House Price Index

How Large is SPRINGBANK?

SPRINGBANK is 109m² according to the EPC inspection conducted in August 2024. This puts it in the largest 50% of detached houses in Niton, based on EPC data. The below chart shows the distribution of detached houses by size in Niton, and where SPRINGBANK lies on this distribution: 59% of detached houses are smaller than SPRINGBANK, and 41% of houses are larger. Note that EPC data is not available for all properties in Niton.

SPRINGBANK, CHURCH STREET, NITON, VENTNOR, PO38 2DA: Size of property relative to detached houses in Niton

SPRINGBANK: Plot and Title Map

SPRINGBANK sits on a plot of roughly 0.084 of an acre, or 340m². The below map shows the location of SPRINGBANK, 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 SPRINGBANK). 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.

SPRINGBANK, CHURCH STREET, NITON, VENTNOR, PO38 2DA: Plot and title map

Where is SPRINGBANK?

SPRINGBANK is located on CHURCH STREET in NITON, in the PO38 postcode district. The below map shows the position of SPRINGBANK on CHURCH STREET.

SPRINGBANK, CHURCH STREET, NITON, VENTNOR, PO38 2DA: Location map and indicative extent of plot

All sales of detached houses on CHURCH STREET

YAR COTTAGE, CHURCH STREET, NITON, VENTNOR, PO38 2BX
2023
9 NOV
£332,500
SPRINGBANK, CHURCH STREET, NITON, VENTNOR, PO38 2DA
2021
28 JUN
£289,950
SPRINGBANK, CHURCH STREET, NITON, VENTNOR, PO38 2DA
2018
1 MAR
£270,000
SOUTH VIEW, CHURCH STREET, NITON, VENTNOR, PO38 2DA
2015
13 NOV
£345,000
SPRINGBANK, CHURCH STREET, NITON, VENTNOR, PO38 2DA
2015
23 OCT
£197,000
HERVEYS, CHURCH STREET, NITON, VENTNOR, PO38 2BS
2005
23 SEP
£370,000
Source: HM Land Registry Price Paid Data
Licence: Contains HM Land Registry data © Crown copyright and database right 2024. This data is licensed under the Open Government Licence v3.0.
Source: HM Land Registry UK House Price Index
Licence: Contains HM Land Registry data © Crown copyright and database right 2024. This data is licensed under the Open Government Licence v3.0.
Copyright statement: This information is subject to Crown copyright and database rights 2024 and is reproduced with the permission of HM Land Registry. The polygons (including the associated geometry, namely x, y co-ordinates) are subject to Crown copyright and database rights 2024 Ordnance Survey 100026316. Conditions of use.