Cherry Tree Cottage Laceys Lane

    CHERRY TREE COTTAGE, LACEYS LANE, NITON, VENTNOR, PO38 2DN

    This semi-detached freehold property on Laceys Lane last sold in November 2024 for £265,000. Based on price growth in the PO38 district since then, its estimated current value is £280,105 — placing it in the 45th percentile nationally and the 50th percentile within PO38. The property covers 72 m² (775 sq ft), giving an estimated value of £3,890 per m². The EPC rating is F, with a potential rating of C.

    Type

    Semi-Detached

    Tenure

    Freehold

    Floor Area

    72 m²

    (775 sq ft)

    Last Sale Price

    £265,000

    Nov 2024

    Estimated Valuation

    £280,105

    Est. £/m²

    £3,890/m²

    £361/sq ft

    Property Details

    TypeSemi-Detached
    TenureFreehold
    Built formSemi-Detached
    Construction ageEngland and Wales: 1976-1982
    Habitable rooms4
    Main fuelbottled LPG
    EPC currentF
    EPC potentialC
    Floor area72 m² (775 sq ft)
    EPC dateApr 2020
    WallsCavity wall, as built, partial insulation (assumed)
    HeatingBoiler and radiators, LPG

    Transaction History

    29 Nov 2024

    £265,000

    27 Nov 1996

    £59,000

    Key Metrics

    Estimated valuation£280,105
    Value per m² / sq ft£3,890/m² (£361/sq ft)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    PO38 district percentile50th percentile
    National percentile45th percentile

    District Context — PO38

    PO38 covers the Isle of Wight and sits off the south coast of Hampshire. It is a predominantly residential area with strong appeal to retirees and families seeking a quieter, coastal lifestyle.

    Average Property Price - PO38

    £322,618

    49

    National percentile

    Average Net Household Income - PO38

    £34,497

    29

    National percentile

    10-Year Annualised Price Growth - PO38

    4.4%

    77

    National percentile

    10-Year Annualised Rent Growth - PO

    4.1%

    58

    National percentile

    View full analysis for PO38

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