7, BOUND ROAD, FRESHWATER, PO40 9NL - £300,000

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

7 BOUND ROAD is a midsized detached house of 103m², built sometime between 1967 and 1975. It was last sold for £300,000 in January 2023, which was around 31% below the average January 2023 detached price in the Isle of Wight local authority area. The most recent EPC inspection was November 2014, where the current energy rating was D, and the potential energy rating was B.

7 BOUND ROAD Sold Prices

Land registry data shows two sales for 7 BOUND 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 7 BOUND 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
2023 30 JAN	£300,000	£437,223	31% below HPI
2015 21 OCT	£187,500	£286,326	35% below HPI

7 BOUND 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 7 BOUND ROAD sales from October 2015 and January 2023 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 October 2015 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the January 2023 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 7 BOUND ROAD?

7 BOUND ROAD is 103m² according to the EPC inspection conducted in November 2014. This puts it in the largest 50% of detached houses in Freshwater, based on EPC data. The below chart shows the distribution of detached houses by size in Freshwater, and where 7 BOUND ROAD lies on this distribution: 59% of detached houses are smaller than 7 BOUND ROAD, and 41% of houses are larger. Note that EPC data is not available for all properties in Freshwater.

7 BOUND ROAD: Plot and Title Map

7 BOUND ROAD sits on a plot of roughly 0.084 of an acre, or 338m². The below map shows the location of 7 BOUND 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 7 BOUND 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 7 BOUND ROAD?

7 BOUND ROAD is located in FRESHWATER, in the PO40 postcode district. The below map shows the position of No. 7 on BOUND ROAD.