MERRYTHOUGHT, NEW ROAD, WOOTTON BRIDGE, RYDE, PO33 4HY - £350,000

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

MERRYTHOUGHT is a large detached house of 117m², built sometime between 1983 and 1990. It was last sold for £350,000 in August 2013, which was around 37% above the average August 2013 detached price in the Isle of Wight local authority area. The most recent EPC inspection was June 2012, where the current energy rating was D, and the potential energy rating was B.

MERRYTHOUGHT Sold Prices

Land registry data shows two sales for MERRYTHOUGHT 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 MERRYTHOUGHT 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
2013 6 AUG	£350,000	£255,361	37% above HPI
1997 19 SEP	£125,000	£81,314	54% above HPI

MERRYTHOUGHT 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 MERRYTHOUGHT sales from September 1997 and August 2013 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 September 1997 sale was for 54% above the HPI. So the extrapolation line tracks at 54% above the HPI over time, until the August 2013 sale, where it falls to 37% above the HPI. The line then continues to track at 37% above the HPI.

How Large is MERRYTHOUGHT?

MERRYTHOUGHT is 117m² according to the EPC inspection conducted in June 2012. This puts it in the largest 40% of detached houses in Wootton, based on EPC data. The below chart shows the distribution of detached houses by size in Wootton, and where MERRYTHOUGHT lies on this distribution: 64% of detached houses are smaller than MERRYTHOUGHT, and 36% of houses are larger. Note that EPC data is not available for all properties in Wootton.

MERRYTHOUGHT: Plot and Title Map

MERRYTHOUGHT sits on a plot of roughly 0.328 of an acre, or 1,327m². The below map shows the location of MERRYTHOUGHT, 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 MERRYTHOUGHT). 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 MERRYTHOUGHT?

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