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

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.

VERNON is a midsized extended detached house of 134m², built sometime between 1930 and 1949, which could now be worth an estimated £465,986. It was last sold for £302,500 in December 2014, which was around 14% 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	£264,284	14% above HPI
2003 1 DEC	£300,000	£204,152	47% above HPI
2000 12 DEC	£115,000	£128,997	11% 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 47% above the HPI. So the extrapolation line tracks at 47% above the HPI over time, until the December 2014 sale, where it falls to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might VERNON be worth now?

VERNON might now be worth an estimated £465,986.

This is based on house price inflation of 54%, between December 2014 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 54% inflationary increase is applied to the most recent sale price for VERNON of £302,500 on 12th December 2014. For the value to have increased from £302,500 to £465,986 over the eleven years and ten months to February 2025, the following assumptions must hold true:

• The value of VERNON has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The December 2014 sale price of £302,500 represented a fair market value for the property.
• The size, condition, and specification of VERNON has not materially changed since December 2014.

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 houses in Totland, based on EPC data. The below chart shows the distribution of detached houses houses by size in Totland, and where VERNON lies on this distribution: 58% of detached houses 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.