1, THE OLD FORGE CLOSE, RYDE, PO33 3PL - £250,000

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 THE OLD FORGE CLOSE is a midsized detached house of 102m², built sometime between 1983 and 1990, which could now be worth an estimated £383,875. It was last sold for £250,000 in November 2014, which was around 6% below the average November 2014 detached price in the Isle of Wight local authority area. The most recent EPC inspection was May 2014, where the current energy rating was D, and the potential energy rating was C.

1 THE OLD FORGE CLOSE Sold Prices

Land registry data shows two sales for 1 THE OLD FORGE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. One of the two 1 THE OLD FORGE CLOSE sales was for below the average price, whilst the other was 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
2014 14 NOV	£250,000	£265,136	6% below HPI
2002 23 MAY	£198,000	£155,222	28% above HPI

1 THE OLD FORGE 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 two 1 THE OLD FORGE CLOSE sales from May 2002 and November 2014 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 May 2002 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the November 2014 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 1 THE OLD FORGE CLOSE be worth now?

1 THE OLD FORGE CLOSE might now be worth an estimated £383,875.

This is based on house price inflation of 53.5%, between November 2014 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 53.5% inflationary increase is applied to the most recent sale price for 1 THE OLD FORGE CLOSE of £250,000 on 14th November 2014. For the value to have increased from £250,000 to £383,875 over the eleven years and nine months to February 2025, the following assumptions must hold true:

• The value of 1 THE OLD FORGE CLOSE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The November 2014 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 1 THE OLD FORGE CLOSE has not materially changed since November 2014.

How Large is 1 THE OLD FORGE CLOSE?

1 THE OLD FORGE CLOSE is 102m² according to the EPC inspection conducted in May 2014. 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 THE OLD FORGE CLOSE lies on this distribution: 46% of detached houses houses are smaller than 1 THE OLD FORGE CLOSE, and 54% of houses are larger. Note that EPC data is not available for all properties in Ryde.

1 THE OLD FORGE CLOSE: Plot and Title Map

1 THE OLD FORGE CLOSE sits on a plot of roughly 0.114 of an acre, or 460m². The below map shows the location of 1 THE OLD FORGE 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 THE OLD FORGE 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 THE OLD FORGE CLOSE?

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