1, REDRIDGE, ROSEMARY LANE, RYDE, PO33 2UX - £318,500

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 REDRIDGE is a midsized detached house of 99m², built sometime between 1996 and 2002, which could now be worth an estimated £385,074. It was last sold for £318,500 in September 2020, which was around 5% below the average September 2020 detached price in the Isle of Wight local authority area. The most recent EPC inspection was March 2019, where the current energy rating was D, and the potential energy rating was B.

1 REDRIDGE Sold Prices

Land registry data shows five sales for 1 REDRIDGE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. Most of the five 1 REDRIDGE 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
2020 14 SEP	£318,500	£336,731	5% below HPI
2000 22 SEP	£130,000	£123,475	5% above HPI
2000 3 FEB	£115,000	£108,725	6% above HPI
1996 9 DEC	£73,500	£69,728	5% above HPI
1995 16 JUN	£63,000	£66,549	5% below HPI

1 REDRIDGE 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 five 1 REDRIDGE sales between June 1995 and September 2020 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 September 2000 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the September 2020 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might 1 REDRIDGE be worth now?

1 REDRIDGE might now be worth an estimated £385,074.

This is based on house price inflation of 20.9%, between September 2020 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 20.9% inflationary increase is applied to the most recent sale price for 1 REDRIDGE of £318,500 on 14th September 2020. For the value to have increased from £318,500 to £385,074 over the five years and seven months to February 2025, the following assumptions must hold true:

• The value of 1 REDRIDGE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The September 2020 sale price of £318,500 represented a fair market value for the property.
• The size, condition, and specification of 1 REDRIDGE has not materially changed since September 2020.

How Large is 1 REDRIDGE?

1 REDRIDGE is 99m² according to the EPC inspection conducted in March 2019. This puts it in the smallest 50% 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 REDRIDGE lies on this distribution: 42% of detached houses houses are smaller than 1 REDRIDGE, and 57% of houses are larger. Note that EPC data is not available for all properties in Ryde.

1 REDRIDGE: Plot and Title Map

1 REDRIDGE sits on a plot of roughly 0.092 of an acre, or 372m². The below map shows the location of 1 REDRIDGE, 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 REDRIDGE). 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 REDRIDGE?

1 REDRIDGE is located on ROSEMARY LANE in RYDE, in the PO33 postcode district. The below map shows the position of 1 REDRIDGE on ROSEMARY LANE.