RED BARN, PACKSFIELD LANE, WOOTTON BRIDGE, RYDE, PO33 4QZ - £325,000

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.

RED BARN is a midsized detached house of 95m², built sometime between 1996 and 2002, which could now be worth an estimated £437,169. It was last sold for £325,000 in December 2017, which was around 7% above the average December 2017 detached price in the Isle of Wight local authority area. The most recent EPC inspection was May 2015, where the current energy rating was D, and the potential energy rating was C.

RED BARN Sold Prices

Land registry data shows two sales for RED BARN 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. One of the two RED BARN sales was for above the average price, whilst the other was 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
2017 19 DEC	£325,000	£302,658	7% above HPI
2015 19 NOV	£255,000	£280,180	9% below HPI

RED BARN 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 RED BARN sales from November 2015 and December 2017 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 2015 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the December 2017 sale, where it rises to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might RED BARN be worth now?

RED BARN might now be worth an estimated £437,169.

This is based on house price inflation of 34.5%, between December 2017 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 34.5% inflationary increase is applied to the most recent sale price for RED BARN of £325,000 on 19th December 2017. For the value to have increased from £325,000 to £437,169 over the eight years and ten months to February 2025, the following assumptions must hold true:

• The value of RED BARN has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The December 2017 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of RED BARN has not materially changed since December 2017.

How Large is RED BARN?

RED BARN is 95m² according to the EPC inspection conducted in May 2015. This puts it in the smallest 50% of detached houses houses in Wootton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wootton, and where RED BARN lies on this distribution: 42% of detached houses houses are smaller than RED BARN, and 57% of houses are larger. Note that EPC data is not available for all properties in Wootton.

RED BARN: Plot and Title Map

RED BARN sits on a plot of roughly 0.196 of an acre, or 792m². The below map shows the location of RED BARN, 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 RED BARN). 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 RED BARN?

RED BARN is located on PACKSFIELD LANE in WOOTTON BRIDGE, in the PO33 postcode district. The below map shows the position of RED BARN on PACKSFIELD LANE.