THE BEECHES, CHALE STREET, CHALE, VENTNOR, PO38 2HE - £700,000

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

THE BEECHES is a midsized extended detached house of 139m², built sometime between 1930 and 1949. It was last sold for £700,000 in August 2023, which was around 66% above the average August 2023 detached price in the Isle of Wight local authority area. The most recent EPC inspection was March 2024, where the current energy rating was D, and the potential energy rating was B.

THE BEECHES Sold Prices

Land registry data shows four sales for THE BEECHES since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. Most of the four THE BEECHES 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
2023 8 AUG	£700,000	£422,181	66% above HPI
2005 26 JUL	£445,000	£232,564	91% above HPI
2003 11 FEB	£235,000	£185,490	27% above HPI
1997 3 OCT	£70,000	£82,804	15% below HPI

THE BEECHES 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 four THE BEECHES sales between October 1997 and August 2023 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 July 2005 sale was for 91% above the HPI. So the extrapolation line tracks at 91% above the HPI over time, until the August 2023 sale, where it falls to 66% above the HPI. The line then continues to track at 66% above the HPI.

How Large is THE BEECHES?

THE BEECHES is 139m², which includes one extension, according to the EPC inspection conducted in March 2024. This puts it in the largest 50% of detached houses in Chale, based on EPC data. The below chart shows the distribution of detached houses by size in Chale, and where THE BEECHES lies on this distribution: 59% of detached houses are smaller than THE BEECHES, and 41% of houses are larger. Note that EPC data is not available for all properties in Chale.

THE BEECHES: Plot and Title Map

THE BEECHES sits on a plot of roughly 0.431 of an acre, or 1,746m². The below map shows the location of THE BEECHES, 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 THE BEECHES). 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 THE BEECHES?

THE BEECHES is located on CHALE STREET in CHALE, in the PO38 postcode district. The below map shows the position of THE BEECHES on CHALE STREET.