23, NEW ROAD, BRADING, SANDOWN, PO36 0AH - £285,000

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

23 NEW ROAD is a large detached house of 120m², built sometime between 1950 and 1966. It was last sold for £285,000 in June 2021, which was around 23% below the average June 2021 detached price in the Isle of Wight local authority area. The most recent EPC inspection was May 2014, where the current energy rating was D, and the potential energy rating was B.

23 NEW ROAD Sold Prices

Land registry data shows two sales for 23 NEW 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 23 NEW 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
2021 11 JUN	£285,000	£369,466	23% below HPI
2018 18 MAY	£245,000	£308,248	21% below HPI

23 NEW 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 23 NEW ROAD sales from May 2018 and June 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 May 2018 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the June 2021 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 23 NEW ROAD?

23 NEW ROAD is 120m² according to the EPC inspection conducted in May 2014. This puts it in the largest 30% of detached houses in Brading, based on EPC data. The below chart shows the distribution of detached houses by size in Brading, and where 23 NEW ROAD lies on this distribution: 70% of detached houses are smaller than 23 NEW ROAD, and 29% of houses are larger. Note that EPC data is not available for all properties in Brading.

23 NEW ROAD: Plot and Title Map

23 NEW ROAD sits on a plot of roughly 0.119 of an acre, or 481m². The below map shows the location of 23 NEW 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 23 NEW 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 23 NEW ROAD?

23 NEW ROAD is located in BRADING, in the PO36 postcode district. The below map shows the position of No. 23 on NEW ROAD.