THE WELL HOUSE, HIGH STREET, NITON, VENTNOR, PO38 2AZ - £223,500

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

THE WELL HOUSE is a very large detached house of 161m². It was last sold for £223,500 in May 2004, which was around 4% above the average May 2004 detached price in the Isle of Wight local authority area. The most recent EPC inspection was October 2016, where the current energy rating was B, and the potential energy rating was B.

THE WELL HOUSE Sold Prices

Land registry data shows two sales for THE WELL HOUSE 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 WELL HOUSE 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
2004 26 MAY	£223,500	£215,732	4% above HPI
2000 13 DEC	£198,000	£131,743	50% above HPI

THE WELL HOUSE 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 WELL HOUSE sales from December 2000 and May 2004 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 December 2000 sale was for 50% above the HPI. So the extrapolation line tracks at 50% above the HPI over time, until the May 2004 sale, where it falls to 4% above the HPI. The line then continues to track at 4% above the HPI.

How Large is THE WELL HOUSE?

THE WELL HOUSE is 161m² according to the EPC inspection conducted in October 2016. This puts it in the largest 20% of detached houses in Niton, based on EPC data. The below chart shows the distribution of detached houses by size in Niton, and where THE WELL HOUSE lies on this distribution: 87% of detached houses are smaller than THE WELL HOUSE, and 13% of houses are larger. Note that EPC data is not available for all properties in Niton.

THE WELL HOUSE: Plot and Title Map

THE WELL HOUSE sits on a plot of roughly 0.185 of an acre, or 749m². The below map shows the location of THE WELL HOUSE, 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 WELL HOUSE). 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 WELL HOUSE?

THE WELL HOUSE is located on HIGH STREET in NITON, in the PO38 postcode district. The below map shows the position of THE WELL HOUSE on HIGH STREET.