GREEN LANES, PARK ROAD, WOOTTON BRIDGE, RYDE, PO33 4RL - £630,000

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

GREEN LANES is a large extended detached house of 127m², built sometime between 1930 and 1949. It was last sold for £630,000 in July 2023, which was around 50% above the average July 2023 detached price in the Isle of Wight local authority area. The most recent EPC inspection was June 2015, where the current energy rating was C, and the potential energy rating was B.

GREEN LANES Sold Prices

Land registry data shows two sales for GREEN LANES 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 GREEN LANES 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 21 JUL	£630,000	£419,943	50% above HPI
2018 11 JAN	£440,000	£305,686	44% above HPI

GREEN LANES 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 GREEN LANES sales from January 2018 and July 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 January 2018 sale was for 44% above the HPI. So the extrapolation line tracks at 44% above the HPI over time, until the July 2023 sale, where it rises to 50% above the HPI. The line then continues to track at 50% above the HPI.

How Large is GREEN LANES?

GREEN LANES is 127m², which includes one extension, according to the EPC inspection conducted in June 2015. This puts it in the largest 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 GREEN LANES lies on this distribution: 72% of detached houses are smaller than GREEN LANES, and 28% of houses are larger. Note that EPC data is not available for all properties in Wootton.

GREEN LANES: Plot and Title Map

GREEN LANES sits on a plot of roughly 0.758 of an acre, or 3,068m². The below map shows the location of GREEN LANES, 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 GREEN LANES). 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 GREEN LANES?

GREEN LANES is located on PARK ROAD in WOOTTON BRIDGE, in the PO33 postcode district. The below map shows the position of GREEN LANES on PARK ROAD.