THE FIRS, PARK VIEW CLOSE, WROXALL, VENTNOR, PO38 3EQ - £129,500

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 FIRS is a small detached house of 77m², built sometime between 1967 and 1975. It was last sold for £129,500 in July 2001, which was around 9% below the average July 2001 detached price in the Isle of Wight local authority area. The most recent EPC inspection was March 2023, where the current energy rating was C, and the potential energy rating was B.

THE FIRS Sold Prices

Land registry data shows two sales for THE FIRS 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. One of the two THE FIRS sales was for below the average price, whilst the other was 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
2001 6 JUL	£129,500	£141,991	9% below HPI
1995 13 MAY	£74,500	£68,203	9% above HPI

THE FIRS 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 THE FIRS sales from May 1995 and July 2001 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 May 1995 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the July 2001 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is THE FIRS?

THE FIRS is 77m² according to the EPC inspection conducted in March 2023. This puts it in the smallest 40% of detached houses in Wroxall, based on EPC data. The below chart shows the distribution of detached houses by size in Wroxall, and where THE FIRS lies on this distribution: 32% of detached houses are smaller than THE FIRS, and 66% of houses are larger. Note that EPC data is not available for all properties in Wroxall.

THE FIRS: Plot and Title Map

THE FIRS sits on a plot of roughly 0.143 of an acre, or 579m². The below map shows the location of THE FIRS, 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 FIRS). 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 FIRS?

THE FIRS is located on PARK VIEW CLOSE in WROXALL, in the PO38 postcode district. The below map shows the position of THE FIRS on PARK VIEW CLOSE.