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

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

ROSE BANK is a very large detached house of 149m², built sometime between 1950 and 1966. It was last sold for £350,000 in March 2016, which was around 21% 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	£289,611	21% above HPI
2009 1 OCT	£300,000	£245,437	22% above HPI
2000 21 DEC	£147,000	£131,743	12% 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 22% above the HPI. So the extrapolation line tracks at 22% above the HPI over time, until the March 2016 sale, where it falls to 21% above the HPI. The line then continues to track at 21% above the HPI.

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 in Freshwater, based on EPC data. The below chart shows the distribution of detached houses by size in Freshwater, and where ROSE BANK lies on this distribution: 86% of detached houses are smaller than ROSE BANK, and 13% 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.