MIDDLE REACH, ASHLAKE FARM LANE, WOOTTON BRIDGE, RYDE, PO33 4LF - £600,000

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.

MIDDLE REACH is a large extended detached house of 208m², built sometime between 1930 and 1949, which could now be worth an estimated £690,261. It was last sold for £600,000 in November 2020, which was around 70% above the average November 2020 detached price in the Isle of Wight local authority area. The most recent EPC inspection was September 2020, where the current energy rating was D, and the potential energy rating was B.

MIDDLE REACH Sold Prices

Land registry data shows two sales for MIDDLE REACH 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 MIDDLE REACH 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
2020 20 NOV	£600,000	£353,880	70% above HPI
2007 15 NOV	£430,000	£270,471	59% above HPI

MIDDLE REACH 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 MIDDLE REACH sales from November 2007 and November 2020 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 November 2007 sale was for 59% above the HPI. So the extrapolation line tracks at 59% above the HPI over time, until the November 2020 sale, where it rises to 70% above the HPI. The line then continues to track at 70% above the HPI.

What might MIDDLE REACH be worth now?

MIDDLE REACH might now be worth an estimated £690,261.

This is based on house price inflation of 15%, between November 2020 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 15% inflationary increase is applied to the most recent sale price for MIDDLE REACH of £600,000 on 20th November 2020. For the value to have increased from £600,000 to £690,261 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of MIDDLE REACH has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The November 2020 sale price of £600,000 represented a fair market value for the property.
• The size, condition, and specification of MIDDLE REACH has not materially changed since November 2020.

How Large is MIDDLE REACH?

MIDDLE REACH is 208m², which includes one extension, according to the EPC inspection conducted in September 2020. This puts it in the largest 30% of detached houses houses in Fishbourne, based on EPC data. The below chart shows the distribution of detached houses houses by size in Fishbourne, and where MIDDLE REACH lies on this distribution: 76% of detached houses houses are smaller than MIDDLE REACH, and 23% of houses are larger. Note that EPC data is not available for all properties in Fishbourne.

MIDDLE REACH: Plot and Title Map

MIDDLE REACH sits on a plot of roughly 0.292 of an acre, or 1,181m². The below map shows the location of MIDDLE REACH, 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 MIDDLE REACH). 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 MIDDLE REACH?

MIDDLE REACH is located on ASHLAKE FARM LANE in WOOTTON BRIDGE, in the PO33 postcode district. The below map shows the position of MIDDLE REACH on ASHLAKE FARM LANE.