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

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 LODGE is a very small extended detached house of 61m², built sometime between 1930 and 1949, which could now be worth an estimated £294,193. It was last sold for £305,000 in July 2022, which was around 27% 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	£415,806	27% below HPI
2005 13 JUN	£180,000	£229,081	21% 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 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the July 2022 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might THE LODGE be worth now?

THE LODGE might now be worth an estimated £294,193.

This is based on house price deflation of 3.5%, between July 2022 and December 2024, 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 3.5% deflationary decrease is applied to the most recent sale price for THE LODGE of £305,000 on 29th July 2022. For the value to have decreased from £305,000 to £294,193 over the one year and seven months to December 2024, the following assumptions must hold true:

• The value of THE LODGE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The July 2022 sale price of £305,000 represented a fair market value for the property.
• The size, condition, and specification of THE LODGE has not materially changed since July 2022.

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 houses in Ventnor, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ventnor, and where THE LODGE lies on this distribution: 3% of detached houses 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 0.087 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.