7, PARK ROAD, BRADING, SANDOWN, PO36 0HU - £295,000

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 PARK ROAD is a very small detached house of 69m², built sometime between 1976 and 1982. It was last sold for £295,000 in July 2023, which was around 30% below the average July 2023 detached price in the Isle of Wight local authority area. The most recent EPC inspection was March 2014, where the current energy rating was B, and the potential energy rating was A.

7 PARK ROAD Sold Prices

Land registry data shows three sales for 7 PARK ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. All of the three 7 PARK 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 31 JUL	£295,000	£419,943	30% below HPI
2014 16 JUL	£215,000	£267,928	20% below HPI
2011 19 AUG	£187,500	£248,070	24% below HPI

7 PARK 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 three 7 PARK ROAD sales between August 2011 and July 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 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the July 2023 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 7 PARK ROAD?

7 PARK ROAD is 69m² according to the EPC inspection conducted in March 2014. This puts it in the smallest 20% of detached houses in Brading, based on EPC data. The below chart shows the distribution of detached houses by size in Brading, and where 7 PARK ROAD lies on this distribution: 15% of detached houses are smaller than 7 PARK ROAD, and 83% of houses are larger. Note that EPC data is not available for all properties in Brading.

7 PARK ROAD: Plot and Title Map

7 PARK ROAD sits on a plot of roughly 0.101 of an acre, or 410m². The below map shows the location of 7 PARK 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 PARK 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 PARK ROAD?

7 PARK ROAD is located in BRADING, in the PO36 postcode district. The below map shows the position of No. 7 on PARK ROAD.