4, REDLAKE ROAD, FRESHWATER, PO40 9DD - £210,000

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

4 REDLAKE ROAD is a small extended detached house of 71m², built sometime between 1967 and 1975. It was last sold for £210,000 in February 2016, which was around 27% below the average February 2016 detached price in the Isle of Wight local authority area. The most recent EPC inspection was April 2009, where the current energy rating was E, and the potential energy rating was D.

4 REDLAKE ROAD Sold Prices

Land registry data shows two sales for 4 REDLAKE 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 4 REDLAKE 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
2016 2 FEB	£210,000	£287,411	27% below HPI
2007 25 JUL	£160,000	£259,176	38% below HPI

4 REDLAKE 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 4 REDLAKE ROAD sales from July 2007 and February 2016 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 July 2007 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the February 2016 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 4 REDLAKE ROAD?

4 REDLAKE ROAD is 71m², which includes one extension, according to the EPC inspection conducted in April 2009. This puts it in the smallest 30% of detached houses in Freshwater, based on EPC data. The below chart shows the distribution of detached houses by size in Freshwater, and where 4 REDLAKE ROAD lies on this distribution: 21% of detached houses are smaller than 4 REDLAKE ROAD, and 79% of houses are larger. Note that EPC data is not available for all properties in Freshwater.

4 REDLAKE ROAD: Plot and Title Map

4 REDLAKE ROAD sits on a plot of roughly 0.092 of an acre, or 371m². The below map shows the location of 4 REDLAKE 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 4 REDLAKE 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 4 REDLAKE ROAD?

4 REDLAKE ROAD is located in FRESHWATER, in the PO40 postcode district. The below map shows the position of No. 4 on REDLAKE ROAD.