Nirvana Merstone Lane

    NIRVANA, MERSTONE LANE, MERSTONE, NEWPORT, PO30 3DF

    This detached freehold property on Merstone Lane last sold in November 2023 for £485,000. Based on price growth in the PO30 district since then, its estimated current value is £445,804 — placing it in the 73rd percentile nationally and the 91st percentile within PO30. The property covers 100 m² (1,076 sq ft), giving an estimated value of £4,458 per m². The EPC rating is E, with a potential rating of D.

    Type

    Detached

    Tenure

    Freehold

    Floor Area

    1,076 sq ft

    100 m²

    Last Sale Price

    £485,000

    Nov 2023

    Estimated Valuation

    £445,804

    Est. £/sq ft

    £414/sq ft

    £4,458/m²

    Property Details

    TypeDetached
    TenureFreehold
    Built formDetached
    Construction ageEngland and Wales: 1976-1982
    Habitable rooms5
    Main fuelLPG (not community)
    EPC currentE
    EPC potentialD
    Floor area1,076 sq ft (100 m²)
    EPC dateMay 2023
    WallsCavity wall, filled cavity
    HeatingBoiler and radiators, LPG

    Transaction History

    3 Nov 2023

    £485,000

    5 Mar 2020

    £335,000

    Key Metrics

    Estimated valuation£445,804
    Value per sq ft / m²£414/sq ft (£4,458/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    PO30 district percentile91st percentile
    National percentile73rd percentile

    District Context — PO30

    PO30 covers the Isle of Wight, a coastal island off Hampshire's southern coast. It is a mature, family-friendly community with strong appeal to retirees and holiday visitors.

    Average Property Price - PO30

    £261,554

    31

    National percentile

    Average Net Household Income - PO30

    £37,072

    44

    National percentile

    10-Year Annualised Price Growth - PO30

    3.1%

    31

    National percentile

    10-Year Annualised Rent Growth - PO

    4.1%

    58

    National percentile

    View full analysis for PO30

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