CHERRY TREES, PACKSFIELD LANE, WOOTTON BRIDGE, RYDE, PO33 4QZ - £370,000

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

CHERRY TREES is a small detached house of 80m², built sometime between 1976 and 1982. It was last sold for £370,000 in August 2022, which was around 13% below the average August 2022 detached price in the Isle of Wight local authority area. The most recent EPC inspection was October 2021, where the current energy rating was C, and the potential energy rating was B.

CHERRY TREES Sold Prices

Land registry data shows two sales for CHERRY TREES 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. One of the two CHERRY TREES sales was for below the average price, whilst the other was for above 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 26 AUG	£370,000	£425,763	13% below HPI
1996 6 JUN	£70,000	£69,114	1% above HPI

CHERRY TREES 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 CHERRY TREES sales from June 1996 and August 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 June 1996 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the August 2022 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is CHERRY TREES?

CHERRY TREES is 80m² according to the EPC inspection conducted in October 2021. This puts it in the smallest 30% of detached houses in Wootton, based on EPC data. The below chart shows the distribution of detached houses by size in Wootton, and where CHERRY TREES lies on this distribution: 28% of detached houses are smaller than CHERRY TREES, and 71% of houses are larger. Note that EPC data is not available for all properties in Wootton.

CHERRY TREES: Plot and Title Map

CHERRY TREES sits on a plot of roughly 0.187 of an acre, or 756m². The below map shows the location of CHERRY TREES, 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 CHERRY TREES). 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 CHERRY TREES?

CHERRY TREES is located on PACKSFIELD LANE in WOOTTON BRIDGE, in the PO33 postcode district. The below map shows the position of CHERRY TREES on PACKSFIELD LANE.