7, GRASMERE AVENUE, RYDE, PO33 1NU - £332,500

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

7 GRASMERE AVENUE is a very small detached house of 69m², built sometime between 1967 and 1975. It was last sold for £332,500 in August 2023, which was around 21% below the average August 2023 detached price in the Isle of Wight local authority area. The most recent EPC inspection was March 2023, where the current energy rating was D, and the potential energy rating was B.

7 GRASMERE AVENUE Sold Prices

Land registry data shows four sales for 7 GRASMERE AVENUE 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 7 GRASMERE AVENUE 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 25 AUG	£332,500	£421,947	21% below HPI
2014 3 JUL	£207,500	£267,928	23% below HPI
2006 28 NOV	£230,000	£254,508	10% below HPI
2005 25 MAY	£170,000	£232,749	27% below HPI

7 GRASMERE AVENUE 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 7 GRASMERE AVENUE sales between May 2005 and August 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 July 2014 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the August 2023 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 7 GRASMERE AVENUE?

7 GRASMERE AVENUE is 69m² according to the EPC inspection conducted in March 2023. This puts it in the smallest 10% of detached houses in Ryde, based on EPC data. The below chart shows the distribution of detached houses by size in Ryde, and where 7 GRASMERE AVENUE lies on this distribution: 10% of detached houses are smaller than 7 GRASMERE AVENUE, and 90% of houses are larger. Note that EPC data is not available for all properties in Ryde.

7 GRASMERE AVENUE: Plot and Title Map

7 GRASMERE AVENUE sits on a plot of roughly 0.103 of an acre, or 418m². The below map shows the location of 7 GRASMERE AVENUE, 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 GRASMERE AVENUE). 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 GRASMERE AVENUE?

7 GRASMERE AVENUE is located in RYDE, in the PO33 postcode district. The below map shows the position of No. 7 on GRASMERE AVENUE.