STONE RIDGE, VENTNOR ROAD, NITON UNDERCLIFF, VENTNOR, PO38 2LY - £781,000

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

STONE RIDGE is a very large extended detached house of 202m², built sometime between 1976 and 1982. It was last sold for £781,000 in March 2022, which was around 92% above the average March 2022 detached price in the Isle of Wight local authority area. The most recent EPC inspection was January 2022, where the current energy rating was C, and the potential energy rating was B.

STONE RIDGE Sold Prices

Land registry data shows five sales for STONE RIDGE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. All of the five STONE RIDGE 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
2022 31 MAR	£781,000	£407,446	92% above HPI
2020 30 SEP	£580,000	£343,900	69% above HPI
2011 15 JUL	£400,000	£251,934	59% above HPI
2007 31 AUG	£506,000	£263,269	92% above HPI
1999 28 OCT	£193,000	£105,421	83% above HPI

STONE RIDGE 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 five STONE RIDGE sales between October 1999 and March 2022 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 September 2020 sale was for 69% above the HPI. So the extrapolation line tracks at 69% above the HPI over time, until the March 2022 sale, where it rises to 92% above the HPI. The line then continues to track at 92% above the HPI.

How Large is STONE RIDGE?

STONE RIDGE is 202m², which includes one extension, according to the EPC inspection conducted in January 2022. This puts it in the largest 10% of detached houses in Niton, based on EPC data. The below chart shows the distribution of detached houses by size in Niton, and where STONE RIDGE lies on this distribution: 94% of detached houses are smaller than STONE RIDGE, and 6% of houses are larger. Note that EPC data is not available for all properties in Niton.

STONE RIDGE: Plot and Title Map

STONE RIDGE sits on a plot of roughly 0.431 of an acre, or 1,743m². The below map shows the location of STONE RIDGE, 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 STONE RIDGE). 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 STONE RIDGE?

STONE RIDGE is located on VENTNOR ROAD in NITON UNDERCLIFF, in the PO38 postcode district. The below map shows the position of STONE RIDGE on VENTNOR ROAD.