Chapel House Newman Lane

    CHAPEL HOUSE, NEWMAN LANE, CHALE GREEN, VENTNOR, PO38 2JG

    This detached freehold property on Newman Lane last sold in April 2021 for £695,000. Based on price growth in the PO38 district since then, its estimated current value is £672,357 — placing it in the 89th percentile nationally and the 95th percentile within PO38. The property covers 168 m² (1,808 sq ft), giving an estimated value of £4,002 per m². The EPC rating is F, with a potential rating of E.

    Type

    Detached

    Tenure

    Freehold

    Floor Area

    168 m²

    (1,808 sq ft)

    Last Sale Price

    £695,000

    Apr 2021

    Estimated Valuation

    £672,357

    Est. £/m²

    £4,002/m²

    £372/sq ft

    Property Details

    TypeDetached
    TenureFreehold
    Built formDetached
    Construction age2016
    Habitable roomsNot available
    Main fuelOil: heating oil
    EPC currentF
    EPC potentialE
    Floor area168 m² (1,808 sq ft)
    EPC dateDec 2016
    WallsAverage thermal transmittance 1.95 W/m
    HeatingBoiler and radiators, oil

    Transaction History

    6 Apr 2021

    £695,000

    Key Metrics

    Estimated valuation£672,357
    Value per m² / sq ft£4,002/m² (£372/sq ft)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    PO38 district percentile95th percentile
    National percentile89th 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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