1B, PITT STREET, RYDE, PO33 3EB - £114,000

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

1B PITT STREET is a small extended detached house of 90m², built sometime between 1991 and 1995. It was last sold for £114,000 in September 2013, which was around 55% below the average September 2013 detached price in the Isle of Wight local authority area. The most recent EPC inspection was August 2013, where the current energy rating was D, and the potential energy rating was B.

1B PITT STREET Sold Prices

Land registry data shows two sales for 1B PITT STREET 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. Both of the two 1B PITT STREET 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
2013 13 SEP	£114,000	£255,877	55% below HPI
2005 31 JAN	£187,500	£236,552	21% below HPI

1B PITT STREET 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 1B PITT STREET sales from January 2005 and September 2013 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 January 2005 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the September 2013 sale, where it falls to 55% below the HPI. The line then continues to track at 55% below the HPI.

How Large is 1B PITT STREET?

1B PITT STREET is 90m², which includes one extension, according to the EPC inspection conducted in August 2013. This puts it in the smallest 40% of detached houses in Ryde, based on EPC data. The below chart shows the distribution of detached houses by size in Ryde, and where 1B PITT STREET lies on this distribution: 32% of detached houses are smaller than 1B PITT STREET, and 67% of houses are larger. Note that EPC data is not available for all properties in Ryde.

1B PITT STREET: Plot and Title Map

1B PITT STREET sits on a plot of roughly 0.060 of an acre, or 244m². The below map shows the location of 1B PITT STREET, 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 1B PITT STREET). 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 1B PITT STREET?

1B PITT STREET is located in RYDE, in the PO33 postcode district. The below map shows the position of No. 1B on PITT STREET.