NEW LODGE, LOWER WOOD STREET, RYDE, PO33 2DR - £300,000

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

NEW LODGE is a large detached house of 143m², built sometime between 1976 and 1982. It was last sold for £300,000 in February 2024, which was around 28% below the average February 2024 detached price in the Isle of Wight local authority area. The most recent EPC inspection was July 2018, where the current energy rating was C, and the potential energy rating was C.

NEW LODGE Sold Prices

Land registry data shows four sales for NEW LODGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. All of the four NEW LODGE sales were for below 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
2024 26 FEB	£300,000	£417,285	28% below HPI
2007 18 MAY	£200,000	£259,555	23% below HPI
2006 26 SEP	£160,000	£250,916	36% below HPI
2002 2 AUG	£140,000	£169,911	18% below HPI

NEW LODGE 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 four NEW LODGE sales between August 2002 and February 2024 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 May 2007 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the February 2024 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is NEW LODGE?

NEW LODGE is 143m² according to the EPC inspection conducted in July 2018. This puts it in the largest 30% of detached houses in Ryde, based on EPC data. The below chart shows the distribution of detached houses by size in Ryde, and where NEW LODGE lies on this distribution: 79% of detached houses are smaller than NEW LODGE, and 21% of houses are larger. Note that EPC data is not available for all properties in Ryde.

NEW LODGE: Plot and Title Map

NEW LODGE sits on a plot of roughly 0.049 of an acre, or 198m². The below map shows the location of NEW LODGE, 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 NEW LODGE). 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 NEW LODGE?

NEW LODGE is located on LOWER WOOD STREET in RYDE, in the PO33 postcode district. The below map shows the position of NEW LODGE on LOWER WOOD STREET.