24, PELL LANE, RYDE, PO33 3LW - £250,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

24 PELL LANE is a midsized extended detached house of 99m², built sometime between 1967 and 1975, which could now be worth an estimated £395,630. It was last sold for £250,000 in April 2015, which was around 3% below the average April 2015 detached price in the Isle of Wight local authority area. The most recent EPC inspection was May 2009, where the current energy rating was D, and the potential energy rating was D.

24 PELL LANE Sold Prices

Land registry data shows four sales for 24 PELL LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. Most of the four 24 PELL LANE sales were for above 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
2015 27 APR	£250,000	£257,258	3% below HPI
2010 10 SEP	£270,000	£255,280	6% above HPI
2006 16 AUG	£250,000	£241,028	4% above HPI
2003 10 FEB	£199,995	£181,623	10% above HPI

24 PELL LANE 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 four 24 PELL LANE sales between February 2003 and April 2015 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 September 2010 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the April 2015 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 24 PELL LANE be worth now?

24 PELL LANE might now be worth an estimated £395,630.

This is based on house price inflation of 58.3%, between April 2015 and February 2025, for detached houses, in the Isle of Wight local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 58.3% inflationary increase is applied to the most recent sale price for 24 PELL LANE of £250,000 on 27th April 2015. For the value to have increased from £250,000 to £395,630 over the ten years and two months to February 2025, the following assumptions must hold true:

• The value of 24 PELL LANE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The April 2015 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 24 PELL LANE has not materially changed since April 2015.

How Large is 24 PELL LANE?

24 PELL LANE is 99m², which includes one extension, according to the EPC inspection conducted in May 2009. This puts it in the smallest 50% of detached houses houses in Ryde, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ryde, and where 24 PELL LANE lies on this distribution: 42% of detached houses houses are smaller than 24 PELL LANE, and 58% of houses are larger. Note that EPC data is not available for all properties in Ryde.

24 PELL LANE: Plot and Title Map

24 PELL LANE sits on a plot of roughly 0.198 of an acre, or 801m². The below map shows the location of 24 PELL LANE, 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 24 PELL LANE). 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 24 PELL LANE?

24 PELL LANE is located in RYDE, in the PO33 postcode district. The below map shows the position of No. 24 on PELL LANE.