5, METROPOLE, ESPLANADE, VENTNOR, PO38 1JP - £370,000

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.

5 METROPOLE is a very large flat of 96m², built sometime between 1930 and 1949, which could now be worth an estimated £360,968. It was last sold for £370,000 in February 2021, which was around 170% above the average February 2021 flat price in the Isle of Wight local authority area. The most recent EPC inspection was March 2020, where the current energy rating was C, and the potential energy rating was B.

5 METROPOLE Sold Prices

Land registry data shows two sales for 5 METROPOLE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average flat price in the Isle of Wight local authority area for the corresponding sale date. Both of the two 5 METROPOLE 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 19 FEB	£370,000	£136,873	170% above HPI
2006 4 MAY	£310,400	£113,683	173% above HPI

What might 5 METROPOLE be worth now?

5 METROPOLE might now be worth an estimated £360,968.

This is based on house price deflation of 2.4%, between February 2021 and March 2026, for flats, 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 2.4% deflationary decrease is applied to the most recent sale price for 5 METROPOLE of £370,000 on 19th February 2021. For the value to have decreased from £370,000 to £360,968 over the four years and eleven months to March 2026, the following assumptions must hold true:

• The value of 5 METROPOLE has moved in line with the HPI for flats in the Isle of Wight local authority area.
• The February 2021 sale price of £370,000 represented a fair market value for the property.
• The size, condition, and specification of 5 METROPOLE has not materially changed since February 2021.

How Large is 5 METROPOLE?

5 METROPOLE is 96m² according to the EPC inspection conducted in March 2020. This puts it in the largest 20% of flats in Ventnor, based on EPC data. 84% of flats are smaller than 5 METROPOLE, and 16% of flats are larger. Note that EPC data is not available for all properties in Ventnor.

5 METROPOLE: Plot

5 METROPOLE sits on a plot of roughly 0.215 of an acre, or 872m².

Where is 5 METROPOLE?

5 METROPOLE is located on ESPLANADE in VENTNOR, in the PO38 postcode district.