2, PADDOCK CLOSE, RYDE, PO33 3FG - £475,000

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

2 PADDOCK CLOSE is a large detached house of 144m². It was last sold for £475,000 in October 2021, which was around 24% above the average October 2021 detached price in the Isle of Wight local authority area. The most recent EPC inspection was December 2020, where the current energy rating was B, and the potential energy rating was A.

2 PADDOCK CLOSE Sold Prices

Land registry data shows two sales for 2 PADDOCK CLOSE 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. One of the two 2 PADDOCK CLOSE sales was for above the average price, whilst the other was 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
2021 12 OCT	£475,000	£384,208	24% above HPI
2020 19 MAR	£115,000	£332,519	65% below HPI

2 PADDOCK CLOSE 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 PADDOCK CLOSE sales from March 2020 and October 2021 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 March 2020 sale was for 65% below the HPI. So the extrapolation line tracks at 65% below the HPI over time, until the October 2021 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.

How Large is 2 PADDOCK CLOSE?

2 PADDOCK CLOSE is 144m² according to the EPC inspection conducted in December 2020. This puts it in the largest 20% of detached houses in Ryde, based on EPC data. The below chart shows the distribution of detached houses by size in Ryde, and where 2 PADDOCK CLOSE lies on this distribution: 80% of detached houses are smaller than 2 PADDOCK CLOSE, and 20% of houses are larger. Note that EPC data is not available for all properties in Ryde.

2 PADDOCK CLOSE: Plot and Title Map

2 PADDOCK CLOSE sits on a plot of roughly 0.091 of an acre, or 367m². The below map shows the location of 2 PADDOCK CLOSE, 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 PADDOCK CLOSE). 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 PADDOCK CLOSE?

2 PADDOCK CLOSE is located in RYDE, in the PO33 postcode district. The below map shows the position of No. 2 on PADDOCK CLOSE.