THE COVERT, MOORTOWN LANE, BRIGHSTONE, NEWPORT, PO30 4AN - £325,000

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 COVERT is a midsized extended detached house of 102m², built sometime between 1950 and 1966. It was last sold for £325,000 in February 2021, which was around 11% below the average February 2021 detached price in the Isle of Wight local authority area. The most recent EPC inspection was March 2015, where the current energy rating was D, and the potential energy rating was A.

THE COVERT Sold Prices

Land registry data shows three sales for THE COVERT 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 COVERT 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
2021 25 FEB	£325,000	£363,833	11% below HPI
2015 9 OCT	£260,000	£286,326	9% below HPI
2009 25 SEP	£205,000	£241,354	15% below HPI

THE COVERT 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 COVERT sales between September 2009 and February 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 October 2015 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the February 2021 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is THE COVERT?

THE COVERT is 102m², which includes three extensions, according to the EPC inspection conducted in March 2015. This puts it in the largest 50% of detached houses in Brighstone, based on EPC data. The below chart shows the distribution of detached houses by size in Brighstone, and where THE COVERT lies on this distribution: 54% of detached houses are smaller than THE COVERT, and 44% of houses are larger. Note that EPC data is not available for all properties in Brighstone.

THE COVERT: Plot and Title Map

THE COVERT sits on a plot of roughly 0.182 of an acre, or 736m². The below map shows the location of THE COVERT, 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 COVERT). 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 COVERT?

THE COVERT is located on MOORTOWN LANE in BRIGHSTONE, in the PO30 postcode district. The below map shows the position of THE COVERT on MOORTOWN LANE.