19, REDLAKE ROAD, FRESHWATER, PO40 9DD - £224,500

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

19 REDLAKE ROAD is a small extended detached house of 72m², built sometime between 1967 and 1975. It was last sold for £224,500 in January 2017, which was around 24% below the average January 2017 detached price in the Isle of Wight local authority area. The most recent EPC inspection was November 2015, where the current energy rating was D, and the potential energy rating was B.

19 REDLAKE ROAD Sold Prices

Land registry data shows five sales for 19 REDLAKE ROAD 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. All of the five 19 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
2017 30 JAN	£224,500	£295,563	24% below HPI
2016 5 FEB	£210,000	£287,411	27% below HPI
2001 10 MAY	£89,950	£133,416	33% below HPI
1999 14 MAY	£59,950	£97,717	39% below HPI
1996 10 DEC	£53,000	£71,212	26% below HPI

19 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 five 19 REDLAKE ROAD sales between December 1996 and January 2017 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 2016 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the January 2017 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 19 REDLAKE ROAD?

19 REDLAKE ROAD is 72m², which includes two extensions, according to the EPC inspection conducted in November 2015. This puts it in the smallest 30% of detached houses in Freshwater, based on EPC data. The below chart shows the distribution of detached houses by size in Freshwater, and where 19 REDLAKE ROAD lies on this distribution: 22% of detached houses are smaller than 19 REDLAKE ROAD, and 76% of houses are larger. Note that EPC data is not available for all properties in Freshwater.

19 REDLAKE ROAD: Plot and Title Map

19 REDLAKE ROAD sits on a plot of roughly 0.086 of an acre, or 348m². The below map shows the location of 19 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 19 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 19 REDLAKE ROAD?

19 REDLAKE ROAD is located in FRESHWATER, in the PO40 postcode district. The below map shows the position of No. 19 on REDLAKE ROAD.