2, THE LANTERNS, SHERBOURNE STREET, BEMBRIDGE, PO35 5RU - £270,000

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.

2 THE LANTERNS is a midsized extended terraced house of 108m², built sometime between 1976 and 1982, which could now be worth an estimated £421,257. It was last sold for £270,000 in December 2008, which was around 97% above the average December 2008 terraced price in the Isle of Wight local authority area. The most recent EPC inspection was October 2017, where the current energy rating was C, and the potential energy rating was B.

2 THE LANTERNS Sold Prices

Land registry data shows three sales for 2 THE LANTERNS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Isle of Wight local authority area for the corresponding sale date. All of the three 2 THE LANTERNS 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
2008 11 DEC	£270,000	£137,066	97% above HPI
2006 14 JUL	£260,000	£135,770	92% above HPI
1999 8 JUL	£115,000	£47,294	143% above HPI

2 THE LANTERNS Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Isle of Wight local authority area over time, sourced from the HPI. The three 2 THE LANTERNS sales between July 1999 and December 2008 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 July 2006 sale was for 92% above the HPI. So the extrapolation line tracks at 92% above the HPI over time, until the December 2008 sale, where it rises to 97% above the HPI. The line then continues to track at 97% above the HPI.

What might 2 THE LANTERNS be worth now?

2 THE LANTERNS might now be worth an estimated £421,257.

This is based on house price inflation of 56%, between December 2008 and August 2025, for terraced 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 56% inflationary increase is applied to the most recent sale price for 2 THE LANTERNS of £270,000 on 11th December 2008. For the value to have increased from £270,000 to £421,257 over the seventeen years and four months to August 2025, the following assumptions must hold true:

• The value of 2 THE LANTERNS has moved in line with the HPI for terraced houses in the Isle of Wight local authority area.
• The December 2008 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of 2 THE LANTERNS has not materially changed since December 2008.

How Large is 2 THE LANTERNS?

2 THE LANTERNS is 108m², which includes one extension, according to the EPC inspection conducted in October 2017. This puts it in the smallest 50% of terraced houses houses in Bembridge, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Bembridge, and where 2 THE LANTERNS lies on this distribution: 45% of terraced houses houses are smaller than 2 THE LANTERNS, and 55% of houses are larger. Note that EPC data is not available for all properties in Bembridge.

2 THE LANTERNS: Plot and Title Map

2 THE LANTERNS sits on a plot of roughly 0.054 of an acre, or 217m². The below map shows the location of 2 THE LANTERNS, 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 2 THE LANTERNS). 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 2 THE LANTERNS?

2 THE LANTERNS is located on SHERBOURNE STREET in BEMBRIDGE, in the PO35 postcode district. The below map shows the position of 2 THE LANTERNS on SHERBOURNE STREET.