LOWER PONDS, NEW ROAD, WOOTTON BRIDGE, RYDE, PO33 4JL - £420,000

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

LOWER PONDS is a very large detached house of 204m², built sometime between 1930 and 1949. It was last sold for £420,000 in November 2008, which was around 67% above the average November 2008 detached price in the Isle of Wight local authority area. The most recent EPC inspection was November 2021, where the current energy rating was D, and the potential energy rating was C.

LOWER PONDS Sold Prices

Land registry data shows two sales for LOWER PONDS 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 LOWER PONDS 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
2008 25 NOV	£420,000	£251,567	67% above HPI
2001 31 OCT	£230,000	£142,646	61% above HPI

LOWER PONDS 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 LOWER PONDS sales from October 2001 and November 2008 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 October 2001 sale was for 61% above the HPI. So the extrapolation line tracks at 61% above the HPI over time, until the November 2008 sale, where it rises to 67% above the HPI. The line then continues to track at 67% above the HPI.

How Large is LOWER PONDS?

LOWER PONDS is 204m² according to the EPC inspection conducted in November 2021. This puts it in the largest 10% of detached houses in Wootton, based on EPC data. The below chart shows the distribution of detached houses by size in Wootton, and where LOWER PONDS lies on this distribution: 95% of detached houses are smaller than LOWER PONDS, and 5% of houses are larger. Note that EPC data is not available for all properties in Wootton.

LOWER PONDS: Plot and Title Map

LOWER PONDS sits on a plot of roughly 0.644 of an acre, or 2,607m². The below map shows the location of LOWER PONDS, 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 LOWER PONDS). 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 LOWER PONDS?

LOWER PONDS is located on NEW ROAD in WOOTTON BRIDGE, in the PO33 postcode district. The below map shows the position of LOWER PONDS on NEW ROAD.