3, PARK RISE, SANDOWN, PO36 9FJ - £550,000

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

3 PARK RISE is a very large detached house of 211m², built sometime between 2003 and 2006. It was last sold for £550,000 in January 2024, which was around 29% above the average January 2024 detached price in the Isle of Wight local authority area. The most recent EPC inspection was January 2023, where the current energy rating was C, and the potential energy rating was B.

3 PARK RISE Sold Prices

Land registry data shows two sales for 3 PARK RISE 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 3 PARK RISE 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
2024 12 JAN	£550,000	£424,950	29% above HPI
2007 28 FEB	£335,000	£256,041	31% above HPI

3 PARK RISE 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 3 PARK RISE sales from February 2007 and January 2024 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 February 2007 sale was for 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the January 2024 sale, where it falls to 29% above the HPI. The line then continues to track at 29% above the HPI.

How Large is 3 PARK RISE?

3 PARK RISE is 211m² according to the EPC inspection conducted in January 2023. This puts it in the largest 10% of detached houses in Sandown, based on EPC data. The below chart shows the distribution of detached houses by size in Sandown, and where 3 PARK RISE lies on this distribution: 97% of detached houses are smaller than 3 PARK RISE, and 3% of houses are larger. Note that EPC data is not available for all properties in Sandown.

3 PARK RISE: Plot and Title Map

3 PARK RISE sits on a plot of roughly 0.139 of an acre, or 563m². The below map shows the location of 3 PARK RISE, 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 3 PARK RISE). 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 3 PARK RISE?

3 PARK RISE is located in SANDOWN, in the PO36 postcode district. The below map shows the position of No. 3 on PARK RISE.