THE FOUNDRY, NITON ROAD, ROOKLEY, VENTNOR, PO38 3NR - £327,500

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 FOUNDRY is a very large detached house of 141m², built sometime between 1983 and 1990. It was last sold for £327,500 in July 2012, which was around 27% above the average July 2012 detached price in the Isle of Wight local authority area. The most recent EPC inspection was July 2011, where the current energy rating was D, and the potential energy rating was D.

THE FOUNDRY Sold Prices

Land registry data shows five sales for THE FOUNDRY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. All of the five THE FOUNDRY 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
2012 6 JUL	£327,500	£258,114	27% above HPI
2011 12 OCT	£307,500	£248,879	24% above HPI
2003 28 OCT	£233,000	£198,359	17% above HPI
1999 10 JUN	£118,000	£96,072	23% above HPI
1997 30 JUL	£100,000	£77,911	28% above HPI

THE FOUNDRY 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 five THE FOUNDRY sales between July 1997 and July 2012 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 2011 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the July 2012 sale, where it rises to 27% above the HPI. The line then continues to track at 27% above the HPI.

How Large is THE FOUNDRY?

THE FOUNDRY is 141m² according to the EPC inspection conducted in July 2011. This puts it in the largest 20% of detached houses in Rookley, based on EPC data. The below chart shows the distribution of detached houses by size in Rookley, and where THE FOUNDRY lies on this distribution: 83% of detached houses are smaller than THE FOUNDRY, and 17% of houses are larger. Note that EPC data is not available for all properties in Rookley.

THE FOUNDRY: Plot and Title Map

THE FOUNDRY sits on a plot of roughly 0.244 of an acre, or 988m². The below map shows the location of THE FOUNDRY, 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 FOUNDRY). 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 FOUNDRY?

THE FOUNDRY is located on NITON ROAD in ROOKLEY, in the PO38 postcode district. The below map shows the position of THE FOUNDRY on NITON ROAD.