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

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

THE WELL HOUSE is a very large detached house of 161m², which could now be worth an estimated £430,754. It was last sold for £223,500 in May 2004, which was around 6% 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	£211,235	6% above HPI
2000 13 DEC	£198,000	£128,997	53% 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 53% above the HPI. So the extrapolation line tracks at 53% above the HPI over time, until the May 2004 sale, where it falls to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might THE WELL HOUSE be worth now?

THE WELL HOUSE might now be worth an estimated £430,754.

This is based on house price inflation of 92.7%, between May 2004 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 92.7% inflationary increase is applied to the most recent sale price for THE WELL HOUSE of £223,500 on 26th May 2004. For the value to have increased from £223,500 to £430,754 over the 21 years and three months to February 2025, the following assumptions must hold true:

• The value of THE WELL HOUSE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The May 2004 sale price of £223,500 represented a fair market value for the property.
• The size, condition, and specification of THE WELL HOUSE has not materially changed since May 2004.

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 houses in Niton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Niton, and where THE WELL HOUSE lies on this distribution: 87% of detached houses 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.