DENESWAY, CHURCH ROAD, BINSTEAD, RYDE, PO33 3TB - £250,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

DENESWAY is a small detached house of 93m², built sometime between 1950 and 1966, which could now be worth an estimated £421,252. It was last sold for £250,000 in February 2012, which was around 3% above the average February 2012 detached price in the Isle of Wight local authority area. The most recent EPC inspection was April 2010, where the current energy rating was D, and the potential energy rating was C.

DENESWAY Sold Prices

Land registry data shows two sales for DENESWAY 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 DENESWAY sales was for above the average price, whilst the other was 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
2012 13 FEB	£250,000	£241,611	3% above HPI
2006 29 JUN	£232,000	£241,789	4% below HPI

DENESWAY 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 DENESWAY sales from June 2006 and February 2012 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 2006 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the February 2012 sale, where it rises to 3% above the HPI. The line then continues to track at 3% above the HPI.

What might DENESWAY be worth now?

DENESWAY might now be worth an estimated £421,252.

This is based on house price inflation of 68.5%, between February 2012 and February 2025, for detached houses, in the Isle of Wight local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 68.5% inflationary increase is applied to the most recent sale price for DENESWAY of £250,000 on 13th February 2012. For the value to have increased from £250,000 to £421,252 over the thirteen years to February 2025, the following assumptions must hold true:

• The value of DENESWAY has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The February 2012 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of DENESWAY has not materially changed since February 2012.

How Large is DENESWAY?

DENESWAY is 93m² according to the EPC inspection conducted in April 2010. This puts it in the smallest 40% of detached houses houses in Ryde, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ryde, and where DENESWAY lies on this distribution: 36% of detached houses houses are smaller than DENESWAY, and 64% of houses are larger. Note that EPC data is not available for all properties in Ryde.

DENESWAY: Plot and Title Map

DENESWAY sits on a plot of roughly 0.132 of an acre, or 534m². The below map shows the location of DENESWAY, 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 DENESWAY). 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 DENESWAY?

DENESWAY is located on CHURCH ROAD in BINSTEAD, in the PO33 postcode district. The below map shows the position of DENESWAY on CHURCH ROAD.