1, BANBURY CLOSE, RYDE, PO33 1DP - £325,000

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.

1 BANBURY CLOSE is a very small detached house of 58m², built sometime between 1996 and 2002, which could now be worth an estimated £312,997. It was last sold for £325,000 in February 2023, which was around 23% below the average February 2023 detached price in the Isle of Wight local authority area. The most recent EPC inspection was September 2022, where the current energy rating was C, and the potential energy rating was B.

1 BANBURY CLOSE Sold Prices

Land registry data shows three sales for 1 BANBURY CLOSE 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 1 BANBURY CLOSE sales were for below 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
2023 7 FEB	£325,000	£422,728	23% below HPI
2003 19 FEB	£60,000	£181,623	67% below HPI
2000 13 OCT	£92,950	£125,073	26% below HPI

1 BANBURY CLOSE 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 1 BANBURY CLOSE sales between October 2000 and February 2023 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 February 2003 sale was for 67% below the HPI. So the extrapolation line tracks at 67% below the HPI over time, until the February 2023 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 1 BANBURY CLOSE be worth now?

1 BANBURY CLOSE might now be worth an estimated £312,997.

This is based on house price deflation of 3.7%, between February 2023 and February 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 3.7% deflationary decrease is applied to the most recent sale price for 1 BANBURY CLOSE of £325,000 on 7th February 2023. For the value to have decreased from £325,000 to £312,997 over the two years to February 2025, the following assumptions must hold true:

• The value of 1 BANBURY CLOSE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The February 2023 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 1 BANBURY CLOSE has not materially changed since February 2023.

How Large is 1 BANBURY CLOSE?

1 BANBURY CLOSE is 58m² according to the EPC inspection conducted in September 2022. This puts it in the smallest 10% of detached houses houses in Ryde, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ryde, and where 1 BANBURY CLOSE lies on this distribution: 3% of detached houses houses are smaller than 1 BANBURY CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Ryde.

1 BANBURY CLOSE: Plot and Title Map

1 BANBURY CLOSE sits on a plot of roughly 0.113 of an acre, or 459m². The below map shows the location of 1 BANBURY CLOSE, 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 1 BANBURY CLOSE). 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 1 BANBURY CLOSE?

1 BANBURY CLOSE is located in RYDE, in the PO33 postcode district. The below map shows the position of No. 1 on BANBURY CLOSE.