28, MELVILLE STREET, RYDE, PO33 2AN - £770,000

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

28 MELVILLE STREET is a very large extended detached house of 171m², built sometime before 1900. It was last sold for £770,000 in July 2022, which was around 81% above the average July 2022 detached price in the Isle of Wight local authority area. The most recent EPC inspection was March 2010, where the current energy rating was F, and the potential energy rating was E.

28 MELVILLE STREET Sold Prices

Land registry data shows four sales for 28 MELVILLE STREET 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. All of the four 28 MELVILLE STREET 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
2022 22 JUL	£770,000	£424,658	81% above HPI
2011 18 NOV	£415,000	£251,986	65% above HPI
2001 21 SEP	£197,000	£143,407	37% above HPI
1998 18 JUN	£130,000	£87,069	49% above HPI

28 MELVILLE 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 four 28 MELVILLE STREET sales between June 1998 and July 2022 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 November 2011 sale was for 65% above the HPI. So the extrapolation line tracks at 65% above the HPI over time, until the July 2022 sale, where it rises to 81% above the HPI. The line then continues to track at 81% above the HPI.

How Large is 28 MELVILLE STREET?

28 MELVILLE STREET is 171m², which includes one extension, according to the EPC inspection conducted in March 2010. 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 28 MELVILLE STREET lies on this distribution: 88% of detached houses are smaller than 28 MELVILLE STREET, and 12% of houses are larger. Note that EPC data is not available for all properties in Ryde.

28 MELVILLE STREET: Plot and Title Map

28 MELVILLE STREET sits on a plot of roughly 0.223 of an acre, or 902m². The below map shows the location of 28 MELVILLE 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 28 MELVILLE 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 28 MELVILLE STREET?

28 MELVILLE STREET is located in RYDE, in the PO33 postcode district. The below map shows the position of No. 28 on MELVILLE STREET.