7, THE OLD FORGE CLOSE, RYDE, PO33 3PL - £345,000

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 THE OLD FORGE CLOSE is a midsized detached house of 97m², built sometime between 1983 and 1990. It was last sold for £345,000 in March 2022, which was around 15% below the average March 2022 detached price in the Isle of Wight local authority area. The most recent EPC inspection was March 2015, where the current energy rating was C, and the potential energy rating was B.

7 THE OLD FORGE CLOSE Sold Prices

Land registry data shows two sales for 7 THE OLD FORGE CLOSE 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 THE OLD FORGE CLOSE 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
2022 23 MAR	£345,000	£407,446	15% below HPI
2000 20 NOV	£125,000	£132,709	6% below HPI

7 THE OLD FORGE CLOSE 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 THE OLD FORGE CLOSE sales from November 2000 and March 2022 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 November 2000 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the March 2022 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 7 THE OLD FORGE CLOSE?

7 THE OLD FORGE CLOSE is 97m² according to the EPC inspection conducted in March 2015. This puts it in the smallest 50% 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 THE OLD FORGE CLOSE lies on this distribution: 40% of detached houses are smaller than 7 THE OLD FORGE CLOSE, and 59% of houses are larger. Note that EPC data is not available for all properties in Ryde.

7 THE OLD FORGE CLOSE: Plot and Title Map

7 THE OLD FORGE CLOSE sits on a plot of roughly 0.126 of an acre, or 508m². The below map shows the location of 7 THE OLD FORGE CLOSE, 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 THE OLD FORGE CLOSE). 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 THE OLD FORGE CLOSE?

7 THE OLD FORGE CLOSE is located in RYDE, in the PO33 postcode district. The below map shows the position of No. 7 on THE OLD FORGE CLOSE.