ROSE COTTAGE, SPENCER CLOSE, RYDE, PO33 3AW - £310,000

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

ROSE COTTAGE is a very small extended detached house of 72m², built sometime before 1900. It was last sold for £310,000 in March 2022, which was around 24% below the average March 2022 detached price in the Isle of Wight local authority area. The most recent EPC inspection was May 2012, where the current energy rating was D, and the potential energy rating was B.

ROSE COTTAGE Sold Prices

Land registry data shows four sales for ROSE COTTAGE 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. Most of the four ROSE COTTAGE 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
2022 17 MAR	£310,000	£407,446	24% below HPI
2006 4 AUG	£244,500	£246,160	1% below HPI
2004 10 SEP	£233,000	£229,384	2% above HPI
1996 18 OCT	£45,000	£71,010	37% below HPI

ROSE COTTAGE 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 ROSE COTTAGE sales between October 1996 and March 2022 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 August 2006 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the March 2022 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is ROSE COTTAGE?

ROSE COTTAGE is 72m², which includes two extensions, according to the EPC inspection conducted in May 2012. This puts it in the smallest 20% of detached houses in Ryde, based on EPC data. The below chart shows the distribution of detached houses by size in Ryde, and where ROSE COTTAGE lies on this distribution: 14% of detached houses are smaller than ROSE COTTAGE, and 85% of houses are larger. Note that EPC data is not available for all properties in Ryde.

ROSE COTTAGE: Plot and Title Map

ROSE COTTAGE sits on a plot of roughly 0.044 of an acre, or 180m². The below map shows the location of ROSE COTTAGE, 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 COTTAGE). 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 COTTAGE?

ROSE COTTAGE is located on SPENCER CLOSE in RYDE, in the PO33 postcode district. The below map shows the position of ROSE COTTAGE on SPENCER CLOSE.