10, BOUND ROAD, FRESHWATER, PO40 9NL - £344,500

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

10 BOUND ROAD is a small detached house of 83m², built sometime between 1967 and 1975. It was last sold for £344,500 in February 2023, which was around 20% below the average February 2023 detached price in the Isle of Wight local authority area. The most recent EPC inspection was October 2022, where the current energy rating was D, and the potential energy rating was B.

10 BOUND ROAD Sold Prices

Land registry data shows four sales for 10 BOUND ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. All of the four 10 BOUND ROAD 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 21 FEB	£344,500	£431,728	20% below HPI
2010 2 FEB	£205,000	£248,727	18% below HPI
2005 7 OCT	£205,000	£243,518	16% below HPI
2001 21 SEP	£123,000	£143,407	14% below HPI

10 BOUND ROAD 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 four 10 BOUND ROAD sales between September 2001 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 2010 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the February 2023 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 10 BOUND ROAD?

10 BOUND ROAD is 83m² according to the EPC inspection conducted in October 2022. This puts it in the smallest 40% of detached houses in Freshwater, based on EPC data. The below chart shows the distribution of detached houses by size in Freshwater, and where 10 BOUND ROAD lies on this distribution: 35% of detached houses are smaller than 10 BOUND ROAD, and 63% of houses are larger. Note that EPC data is not available for all properties in Freshwater.

10 BOUND ROAD: Plot and Title Map

10 BOUND ROAD sits on a plot of roughly 0.100 of an acre, or 403m². The below map shows the location of 10 BOUND ROAD, 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 10 BOUND ROAD). 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 10 BOUND ROAD?

10 BOUND ROAD is located in FRESHWATER, in the PO40 postcode district. The below map shows the position of No. 10 on BOUND ROAD.