VERNON, GRANVILLE RISE, TOTLAND BAY, PO39 0DX - £302,500

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

VERNON is a midsized extended detached house of 134m², built sometime between 1930 and 1949. It was last sold for £302,500 in December 2014, which was around 12% above the average December 2014 detached price in the Isle of Wight local authority area. The most recent EPC inspection was May 2013, where the current energy rating was E, and the potential energy rating was C.

VERNON Sold Prices

Land registry data shows three sales for VERNON since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. Two of the three VERNON sales were for above the average price, whilst one was 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
2014 12 DEC	£302,500	£269,910	12% above HPI
2003 1 DEC	£300,000	£208,499	44% above HPI
2000 12 DEC	£115,000	£131,743	13% below HPI

VERNON 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 three VERNON sales between December 2000 and December 2014 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 2003 sale was for 44% above the HPI. So the extrapolation line tracks at 44% above the HPI over time, until the December 2014 sale, where it falls to 12% above the HPI. The line then continues to track at 12% above the HPI.

How Large is VERNON?

VERNON is 134m², which includes one extension, according to the EPC inspection conducted in May 2013. This puts it in the largest 50% of detached houses in Totland, based on EPC data. The below chart shows the distribution of detached houses by size in Totland, and where VERNON lies on this distribution: 58% of detached houses are smaller than VERNON, and 41% of houses are larger. Note that EPC data is not available for all properties in Totland.

VERNON: Plot and Title Map

VERNON sits on a plot of roughly 0.169 of an acre, or 685m². The below map shows the location of VERNON, 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 VERNON). 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 VERNON?

VERNON is located on GRANVILLE RISE in TOTLAND BAY, in the PO39 postcode district. The below map shows the position of VERNON on GRANVILLE RISE.