MAY COTTAGE, LANE END CLOSE, BEMBRIDGE, PO35 5UF - £550,000

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.

MAY COTTAGE is a very large detached house of 229m², which could now be worth an estimated £684,030. It was last sold for £550,000 in May 2019, which was around 74% above the average May 2019 detached price in the Isle of Wight local authority area. The most recent EPC inspection was May 2019, where the current energy rating was B, and the potential energy rating was B.

MAY COTTAGE Sold Prices

Land registry data shows three sales for MAY COTTAGE 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. One of the three MAY COTTAGE sales was for above the average price, whilst two were 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
2019 23 MAY	£550,000	£316,015	74% above HPI
2018 21 MAR	£280,000	£300,058	7% below HPI
2014 21 JUL	£250,000	£262,343	5% below HPI

MAY COTTAGE 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 MAY COTTAGE sales between July 2014 and May 2019 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 March 2018 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the May 2019 sale, where it rises to 74% above the HPI. The line then continues to track at 74% above the HPI.

What might MAY COTTAGE be worth now?

MAY COTTAGE might now be worth an estimated £684,030.

This is based on house price inflation of 24.4%, between May 2019 and August 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 24.4% inflationary increase is applied to the most recent sale price for MAY COTTAGE of £550,000 on 23rd May 2019. For the value to have increased from £550,000 to £684,030 over the five years and nine months to August 2025, the following assumptions must hold true:

• The value of MAY COTTAGE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The May 2019 sale price of £550,000 represented a fair market value for the property.
• The size, condition, and specification of MAY COTTAGE has not materially changed since May 2019.

How Large is MAY COTTAGE?

MAY COTTAGE is 229m² according to the EPC inspection conducted in May 2019. This puts it in the largest 10% of detached houses houses in Bembridge, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bembridge, and where MAY COTTAGE lies on this distribution: 92% of detached houses houses are smaller than MAY COTTAGE, and 8% of houses are larger. Note that EPC data is not available for all properties in Bembridge.

MAY COTTAGE: Plot and Title Map

MAY COTTAGE sits on a plot of roughly 0.192 of an acre, or 777m². The below map shows the location of MAY COTTAGE, 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 MAY COTTAGE). 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 MAY COTTAGE?

MAY COTTAGE is located on LANE END CLOSE in BEMBRIDGE, in the PO35 postcode district. The below map shows the position of MAY COTTAGE on LANE END CLOSE.