THE LODGE, THE GROVE, VENTNOR, PO38 1TB - £305,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

THE LODGE is a very small extended detached house of 61m², built sometime between 1930 and 1949. It was last sold for £305,000 in July 2022, which was around 28% below the average July 2022 detached price in the Isle of Wight local authority area. The most recent EPC inspection was March 2022, where the current energy rating was E, and the potential energy rating was C.

THE LODGE Sold Prices

Land registry data shows two sales for THE LODGE 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. Both of the two THE LODGE 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
2022 29 JUL	£305,000	£424,658	28% below HPI
2005 13 JUN	£180,000	£233,958	23% below HPI

THE LODGE 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 LODGE sales from June 2005 and July 2022 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 June 2005 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the July 2022 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is THE LODGE?

THE LODGE is 61m², which includes one extension, according to the EPC inspection conducted in March 2022. This puts it in the smallest 10% of detached houses in Ventnor, based on EPC data. The below chart shows the distribution of detached houses by size in Ventnor, and where THE LODGE lies on this distribution: 3% of detached houses are smaller than THE LODGE, and 97% of houses are larger. Note that EPC data is not available for all properties in Ventnor.

THE LODGE: Plot and Title Map

THE LODGE sits on a plot of roughly 0.088 of an acre, or 354m². The below map shows the location of THE LODGE, 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 LODGE). 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 LODGE?

THE LODGE is located on THE GROVE in VENTNOR, in the PO38 postcode district. The below map shows the position of THE LODGE on THE GROVE.