2, BOUND ROAD, FRESHWATER, PO40 9NL - £190,000

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

2 BOUND ROAD is a small detached house of 72m², built sometime between 1976 and 1982. It was last sold for £190,000 in January 2014, which was around 27% below the average January 2014 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.

2 BOUND ROAD Sold Prices

Land registry data shows two sales for 2 BOUND ROAD 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 2 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
2014 31 JAN	£190,000	£260,353	27% below HPI
1995 7 DEC	£55,000	£69,849	21% below HPI

2 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 two 2 BOUND ROAD sales from December 1995 and January 2014 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 December 1995 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the January 2014 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 2 BOUND ROAD?

2 BOUND ROAD is 72m² according to the EPC inspection conducted in August 2013. 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 2 BOUND ROAD lies on this distribution: 22% of detached houses are smaller than 2 BOUND ROAD, and 76% of houses are larger. Note that EPC data is not available for all properties in Freshwater.

2 BOUND ROAD: Plot and Title Map

2 BOUND ROAD sits on a plot of roughly 0.110 of an acre, or 444m². The below map shows the location of 2 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 2 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 2 BOUND ROAD?

2 BOUND ROAD is located in FRESHWATER, in the PO40 postcode district. The below map shows the position of No. 2 on BOUND ROAD.