FAIRWAYS, BINSTEAD ROAD, RYDE, PO33 3NF - £343,000

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.

FAIRWAYS is a large detached house of 136m², built sometime between 1976 and 1982, which could now be worth an estimated £563,240. It was last sold for £343,000 in July 2010, which was around 38% above the average July 2010 detached price in the Isle of Wight local authority area. The most recent EPC inspection was August 2009, where the current energy rating was D, and the potential energy rating was C.

FAIRWAYS Sold Prices

Land registry data shows two sales for FAIRWAYS 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 FAIRWAYS 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
2010 15 JUL	£343,000	£247,924	38% above HPI
2002 18 MAR	£216,000	£144,411	50% above HPI

FAIRWAYS 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 FAIRWAYS sales from March 2002 and July 2010 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 March 2002 sale was for 50% above the HPI. So the extrapolation line tracks at 50% above the HPI over time, until the July 2010 sale, where it falls to 38% above the HPI. The line then continues to track at 38% above the HPI.

What might FAIRWAYS be worth now?

FAIRWAYS might now be worth an estimated £563,240.

This is based on house price inflation of 64.2%, between July 2010 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 64.2% inflationary increase is applied to the most recent sale price for FAIRWAYS of £343,000 on 15th July 2010. For the value to have increased from £343,000 to £563,240 over the fifteen years and five months to February 2025, the following assumptions must hold true:

• The value of FAIRWAYS has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The July 2010 sale price of £343,000 represented a fair market value for the property.
• The size, condition, and specification of FAIRWAYS has not materially changed since July 2010.

How Large is FAIRWAYS?

FAIRWAYS is 136m² according to the EPC inspection conducted in August 2009. This puts it in the largest 30% 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 FAIRWAYS lies on this distribution: 74% of detached houses houses are smaller than FAIRWAYS, and 26% of houses are larger. Note that EPC data is not available for all properties in Ryde.

FAIRWAYS: Plot and Title Map

FAIRWAYS sits on a plot of roughly 0.306 of an acre, or 1,240m². The below map shows the location of FAIRWAYS, 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 FAIRWAYS). 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 FAIRWAYS?

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