ROSE BANK, QUEENS ROAD, FRESHWATER, PO40 9ET - £350,000

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.

ROSE BANK is a very large detached house of 149m², built sometime between 1950 and 1966, which could now be worth an estimated £502,481. It was last sold for £350,000 in March 2016, which was around 23% above the average March 2016 detached price in the Isle of Wight local authority area. The most recent EPC inspection was June 2022, where the current energy rating was D, and the potential energy rating was C.

ROSE BANK Sold Prices

Land registry data shows three sales for ROSE BANK since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. All of the three ROSE BANK 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
2016 15 MAR	£350,000	£283,574	23% above HPI
2009 1 OCT	£300,000	£240,321	25% above HPI
2000 21 DEC	£147,000	£128,997	14% above HPI

ROSE BANK 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 three ROSE BANK sales between December 2000 and March 2016 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 October 2009 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the March 2016 sale, where it falls to 23% above the HPI. The line then continues to track at 23% above the HPI.

What might ROSE BANK be worth now?

ROSE BANK might now be worth an estimated £502,481.

This is based on house price inflation of 43.6%, between March 2016 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 43.6% inflationary increase is applied to the most recent sale price for ROSE BANK of £350,000 on 15th March 2016. For the value to have increased from £350,000 to £502,481 over the nine years and one month to February 2025, the following assumptions must hold true:

• The value of ROSE BANK has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The March 2016 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of ROSE BANK has not materially changed since March 2016.

How Large is ROSE BANK?

ROSE BANK is 149m² according to the EPC inspection conducted in June 2022. This puts it in the largest 20% of detached houses houses in Freshwater, based on EPC data. The below chart shows the distribution of detached houses houses by size in Freshwater, and where ROSE BANK lies on this distribution: 86% of detached houses houses are smaller than ROSE BANK, and 14% of houses are larger. Note that EPC data is not available for all properties in Freshwater.

ROSE BANK: Plot and Title Map

ROSE BANK sits on a plot of roughly 0.201 of an acre, or 813m². The below map shows the location of ROSE BANK, 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 ROSE BANK). 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 ROSE BANK?

ROSE BANK is located on QUEENS ROAD in FRESHWATER, in the PO40 postcode district. The below map shows the position of ROSE BANK on QUEENS ROAD.