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

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

RED BARN is a midsized detached house of 95m², built sometime between 1996 and 2002. It was last sold for £325,000 in December 2017, which was around 5% 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	£309,102	5% above HPI
2015 19 NOV	£255,000	£286,145	11% 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 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the December 2017 sale, where it rises to 5% above the HPI. The line then continues to track at 5% above the HPI.

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 in Wootton, based on EPC data. The below chart shows the distribution of detached houses by size in Wootton, and where RED BARN lies on this distribution: 42% of detached 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.