18, REDLAKE ROAD, FRESHWATER, PO40 9DD - £260,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

18 REDLAKE ROAD is a midsized extended detached house of 88m², built sometime between 1967 and 1975. It was last sold for £260,000 in September 2019, which was around 20% below the average September 2019 detached price in the Isle of Wight local authority area. The most recent EPC inspection was April 2019, where the current energy rating was B, and the potential energy rating was A.

18 REDLAKE ROAD Sold Prices

Land registry data shows three sales for 18 REDLAKE ROAD 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 18 REDLAKE 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
2019 3 SEP	£260,000	£324,960	20% below HPI
2012 15 OCT	£185,000	£253,026	27% below HPI
1996 28 MAR	£55,500	£71,164	22% below HPI

18 REDLAKE 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 three 18 REDLAKE ROAD sales between March 1996 and September 2019 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 October 2012 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the September 2019 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 18 REDLAKE ROAD?

18 REDLAKE ROAD is 88m², which includes one extension, according to the EPC inspection conducted in April 2019. This puts it in the smallest 50% of detached houses in Freshwater, based on EPC data. The below chart shows the distribution of detached houses by size in Freshwater, and where 18 REDLAKE ROAD lies on this distribution: 41% of detached houses are smaller than 18 REDLAKE ROAD, and 58% of houses are larger. Note that EPC data is not available for all properties in Freshwater.

18 REDLAKE ROAD: Plot and Title Map

18 REDLAKE ROAD sits on a plot of roughly 0.084 of an acre, or 340m². The below map shows the location of 18 REDLAKE 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 18 REDLAKE 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 18 REDLAKE ROAD?

18 REDLAKE ROAD is located in FRESHWATER, in the PO40 postcode district. The below map shows the position of No. 18 on REDLAKE ROAD.