SUN ACRE, THE TERRACE, CHALE, VENTNOR, PO38 2HL - £65,000

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

SUN ACRE is a very large extended detached house of 224m², built sometime between 1900 and 1929. It was last sold for £65,000 in December 1998, which was around 31% below the average December 1998 detached price in the Isle of Wight local authority area. The most recent EPC inspection was February 2022, where the current energy rating was D, and the potential energy rating was B.

SUN ACRE Sold Prices

Land registry data shows two sales for SUN ACRE 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 SUN ACRE sales were for below 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
1998 15 DEC	£65,000	£94,612	31% below HPI
1996 28 OCT	£30,000	£71,010	58% below HPI

SUN ACRE 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 SUN ACRE sales from October 1996 and December 1998 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 October 1996 sale was for 58% below the HPI. So the extrapolation line tracks at 58% below the HPI over time, until the December 1998 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is SUN ACRE?

SUN ACRE is 224m², which includes one extension, according to the EPC inspection conducted in February 2022. This puts it in the largest 20% of detached houses in Chale, based on EPC data. The below chart shows the distribution of detached houses by size in Chale, and where SUN ACRE lies on this distribution: 89% of detached houses are smaller than SUN ACRE, and 11% of houses are larger. Note that EPC data is not available for all properties in Chale.

SUN ACRE: Plot and Title Map

SUN ACRE sits on a plot of roughly 1.4 acres, or 5,660m². The below map shows the location of SUN ACRE, 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 SUN ACRE). 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 SUN ACRE?

SUN ACRE is located on THE TERRACE in CHALE, in the PO38 postcode district. The below map shows the position of SUN ACRE on THE TERRACE.