1, VICTORY CLOSE, RYDE, PO33 3RA - £290,000

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 VICTORY CLOSE is a very small detached house of 65m², built sometime between 1967 and 1975. It was last sold for £290,000 in November 2023, which was around 31% below the average November 2023 detached price in the Isle of Wight local authority area. The most recent EPC inspection was November 2022, where the current energy rating was D, and the potential energy rating was B.

1 VICTORY CLOSE Sold Prices

Land registry data shows three sales for 1 VICTORY 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 VICTORY 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 22 NOV	£290,000	£419,588	31% below HPI
2001 28 FEB	£95,500	£131,882	28% below HPI
1998 13 JUL	£69,950	£88,381	21% below HPI

1 VICTORY 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 VICTORY CLOSE sales between July 1998 and November 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 2001 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the November 2023 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 1 VICTORY CLOSE?

1 VICTORY CLOSE is 65m² according to the EPC inspection conducted in November 2022. This puts it in the smallest 10% 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 VICTORY CLOSE lies on this distribution: 7% of detached houses are smaller than 1 VICTORY CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Ryde.

1 VICTORY CLOSE: Plot and Title Map

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

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