SPRING COTTAGE, BONCHURCH VILLAGE ROAD, VENTNOR, PO38 1RQ - £675,000

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.

SPRING COTTAGE is a very large extended detached house of 184m², built sometime before 1900, which could now be worth an estimated £720,553. It was last sold for £675,000 in June 2021, which was around 87% above the average June 2021 detached price in the Isle of Wight local authority area. The most recent EPC inspection was May 2019, where the current energy rating was D, and the potential energy rating was C.

SPRING COTTAGE Sold Prices

Land registry data shows three sales for SPRING 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. All of the three SPRING COTTAGE 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
2021 2 JUN	£675,000	£361,764	87% above HPI
2009 10 AUG	£710,000	£230,629	208% above HPI
1999 2 DEC	£200,000	£105,930	89% above HPI

SPRING 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 SPRING COTTAGE sales between December 1999 and June 2021 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 August 2009 sale was for 208% above the HPI. So the extrapolation line tracks at 208% above the HPI over time, until the June 2021 sale, where it falls to 87% above the HPI. The line then continues to track at 87% above the HPI.

What might SPRING COTTAGE be worth now?

SPRING COTTAGE might now be worth an estimated £720,553.

This is based on house price inflation of 6.7%, between June 2021 and June 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 6.7% inflationary increase is applied to the most recent sale price for SPRING COTTAGE of £675,000 on 2nd June 2021. For the value to have increased from £675,000 to £720,553 over the four years to June 2025, the following assumptions must hold true:

• The value of SPRING COTTAGE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The June 2021 sale price of £675,000 represented a fair market value for the property.
• The size, condition, and specification of SPRING COTTAGE has not materially changed since June 2021.

How Large is SPRING COTTAGE?

SPRING COTTAGE is 184m², which includes four extensions, according to the EPC inspection conducted in May 2019. This puts it in the largest 20% of detached houses houses in Ventnor, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ventnor, and where SPRING COTTAGE lies on this distribution: 84% of detached houses houses are smaller than SPRING COTTAGE, and 16% of houses are larger. Note that EPC data is not available for all properties in Ventnor.

SPRING COTTAGE: Plot and Title Map

SPRING COTTAGE sits on a plot of roughly 0.276 of an acre, or 1,115m². The below map shows the location of SPRING 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 SPRING 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 SPRING COTTAGE?

SPRING COTTAGE is located on BONCHURCH VILLAGE ROAD in VENTNOR, in the PO38 postcode district. The below map shows the position of SPRING COTTAGE on BONCHURCH VILLAGE ROAD.