HIGH BANKS, STEEPHILL ROAD, VENTNOR, PO38 1UF - £595,000

HIGH BANKS is a midsized detached house of 114m², built sometime between 1950 and 1966. It was last sold for £595,000 in April 2022, which was around 45% above the average April 2022 detached price in the Isle of Wight local authority area. The most recent EPC inspection was September 2015, where the current energy rating was D, and the potential energy rating was C.

HIGH BANKS Sold Prices

Land registry data shows two sales for HIGH BANKS 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 HIGH BANKS 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
2022 29 APR	£595,000	£410,109	45% above HPI
2018 28 SEP	£400,000	£318,215	26% above HPI

HIGH BANKS 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 HIGH BANKS sales from September 2018 and April 2022 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 September 2018 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the April 2022 sale, where it rises to 45% above the HPI. The line then continues to track at 45% above the HPI.

How Large is HIGH BANKS?

HIGH BANKS is 114m² according to the EPC inspection conducted in September 2015. This puts it in the smallest 50% of detached houses in Ventnor, based on EPC data. The below chart shows the distribution of detached houses by size in Ventnor, and where HIGH BANKS lies on this distribution: 43% of detached houses are smaller than HIGH BANKS, and 56% of houses are larger. Note that EPC data is not available for all properties in Ventnor.

HIGH BANKS: Plot and Title Map

HIGH BANKS sits on a plot of roughly 0.261 of an acre, or 1,058m². The below map shows the location of HIGH BANKS, 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 HIGH BANKS). 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 HIGH BANKS?

HIGH BANKS is located on STEEPHILL ROAD in VENTNOR, in the PO38 postcode district. The below map shows the position of HIGH BANKS on STEEPHILL ROAD.