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

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

THE FIRS is a small detached house of 77m², built sometime between 1967 and 1975, which could now be worth an estimated £379,207. It was last sold for £129,500 in July 2001, which was around 7% 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	£139,031	7% below HPI
1995 13 MAY	£74,500	£66,782	12% 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 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the July 2001 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might THE FIRS be worth now?

THE FIRS might now be worth an estimated £379,207.

This is based on house price inflation of 192.8%, between July 2001 and February 2025, for detached houses, in the Isle of Wight local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 192.8% inflationary increase is applied to the most recent sale price for THE FIRS of £129,500 on 6th July 2001. For the value to have increased from £129,500 to £379,207 over the 24 years and five months to February 2025, the following assumptions must hold true:

• The value of THE FIRS has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The July 2001 sale price of £129,500 represented a fair market value for the property.
• The size, condition, and specification of THE FIRS has not materially changed since July 2001.

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 houses in Wroxall, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wroxall, and where THE FIRS lies on this distribution: 32% of detached houses 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.