THE COTTAGE, CHURCH STREET, NITON, VENTNOR, PO38 2BS - £350,000

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

THE COTTAGE is a large extended detached house of 131m², built sometime between 1900 and 1929. It was last sold for £350,000 in September 2020, which was around 2% above the average September 2020 detached price in the Isle of Wight local authority area. The most recent EPC inspection was June 2020, where the current energy rating was E, and the potential energy rating was C.

THE COTTAGE Sold Prices

Land registry data shows three sales for THE 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 THE 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
2020 30 SEP	£350,000	£343,900	2% above HPI
2006 2 MAR	£241,000	£237,904	1% above HPI
2001 1 JUN	£158,000	£134,781	17% above HPI

THE 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 THE COTTAGE sales between June 2001 and September 2020 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 2006 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the September 2020 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

How Large is THE COTTAGE?

THE COTTAGE is 131m², which includes two extensions, according to the EPC inspection conducted in June 2020. This puts it in the largest 30% of detached houses in Niton, based on EPC data. The below chart shows the distribution of detached houses by size in Niton, and where THE COTTAGE lies on this distribution: 74% of detached houses are smaller than THE COTTAGE, and 26% of houses are larger. Note that EPC data is not available for all properties in Niton.

THE COTTAGE: Plot and Title Map

THE COTTAGE sits on a plot of roughly 0.066 of an acre, or 269m². The below map shows the location of THE 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 THE 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 THE COTTAGE?

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