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

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 REDRIDGE is a midsized detached house of 99m², built sometime between 1996 and 2002. It was last sold for £318,500 in September 2020, which was around 7% 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	£343,900	7% below HPI
2000 22 SEP	£130,000	£126,104	3% above HPI
2000 3 FEB	£115,000	£111,040	4% above HPI
1996 9 DEC	£73,500	£71,212	3% above HPI
1995 16 JUN	£63,000	£67,965	7% 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 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the September 2020 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

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 in Ryde, based on EPC data. The below chart shows the distribution of detached houses by size in Ryde, and where 1 REDRIDGE lies on this distribution: 42% of detached 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.