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

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.

4 REDLAKE ROAD is a small extended detached house of 71m², built sometime between 1967 and 1975, which could now be worth an estimated £303,796. It was last sold for £210,000 in February 2016, which was around 25% 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	£281,420	25% below HPI
2007 25 JUL	£160,000	£253,773	37% 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 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the February 2016 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 4 REDLAKE ROAD be worth now?

4 REDLAKE ROAD might now be worth an estimated £303,796.

This is based on house price inflation of 44.7%, between February 2016 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 44.7% inflationary increase is applied to the most recent sale price for 4 REDLAKE ROAD of £210,000 on 2nd February 2016. For the value to have increased from £210,000 to £303,796 over the nine years to February 2025, the following assumptions must hold true:

• The value of 4 REDLAKE ROAD has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The February 2016 sale price of £210,000 represented a fair market value for the property.
• The size, condition, and specification of 4 REDLAKE ROAD has not materially changed since February 2016.

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 houses in Freshwater, based on EPC data. The below chart shows the distribution of detached houses houses by size in Freshwater, and where 4 REDLAKE ROAD lies on this distribution: 20% of detached houses houses are smaller than 4 REDLAKE ROAD, and 80% 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.