DRIFTWOOD, BUCKINGHAM CLOSE, RYDE, PO33 2DN - £465,000

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

DRIFTWOOD is a midsized detached house of 105m², built sometime between 1930 and 1949. It was last sold for £465,000 in January 2023, which was around 6% above the average January 2023 detached price in the Isle of Wight local authority area. The most recent EPC inspection was August 2021, where the current energy rating was G, and the potential energy rating was D.

DRIFTWOOD Sold Prices

Land registry data shows three sales for DRIFTWOOD 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 DRIFTWOOD sales were 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
2023 20 JAN	£465,000	£437,223	6% above HPI
2021 17 DEC	£465,000	£402,556	16% above HPI
1997 7 NOV	£116,500	£83,780	39% above HPI

DRIFTWOOD 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 DRIFTWOOD sales between November 1997 and January 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 December 2021 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the January 2023 sale, where it falls to 6% above the HPI. The line then continues to track at 6% above the HPI.

How Large is DRIFTWOOD?

DRIFTWOOD is 105m² according to the EPC inspection conducted in August 2021. 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 DRIFTWOOD lies on this distribution: 49% of detached houses are smaller than DRIFTWOOD, and 50% of houses are larger. Note that EPC data is not available for all properties in Ryde.

DRIFTWOOD: Plot and Title Map

DRIFTWOOD sits on a plot of roughly 0.228 of an acre, or 924m². The below map shows the location of DRIFTWOOD, 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 DRIFTWOOD). 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 DRIFTWOOD?

DRIFTWOOD is located on BUCKINGHAM CLOSE in RYDE, in the PO33 postcode district. The below map shows the position of DRIFTWOOD on BUCKINGHAM CLOSE.