ROSEBANK, BLACKBRIDGE ROAD, FRESHWATER, PO40 9QW - £450,000

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

ROSEBANK is a small detached house of 72m², built sometime between 1967 and 1975. It was last sold for £450,000 in January 2023, which was around 3% above the average January 2023 detached price in the Isle of Wight local authority area. The most recent EPC inspection was February 2022, where the current energy rating was D, and the potential energy rating was C.

ROSEBANK Sold Prices

Land registry data shows four sales for ROSEBANK 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 ROSEBANK 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
2023 12 JAN	£450,000	£437,223	3% above HPI
2012 12 MAR	£222,500	£246,156	10% below HPI
2003 22 AUG	£185,000	£203,162	9% below HPI
2000 30 NOV	£125,000	£132,709	6% below HPI

ROSEBANK 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 ROSEBANK sales between November 2000 and January 2023 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 March 2012 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the January 2023 sale, where it rises to 3% above the HPI. The line then continues to track at 3% above the HPI.

How Large is ROSEBANK?

ROSEBANK is 72m² according to the EPC inspection conducted in February 2022. This puts it in the smallest 30% of detached houses in Freshwater, based on EPC data. The below chart shows the distribution of detached houses by size in Freshwater, and where ROSEBANK lies on this distribution: 22% of detached houses are smaller than ROSEBANK, and 76% of houses are larger. Note that EPC data is not available for all properties in Freshwater.

ROSEBANK: Plot and Title Map

ROSEBANK sits on a plot of roughly 0.180 of an acre, or 728m². The below map shows the location of ROSEBANK, 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 ROSEBANK). 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 ROSEBANK?

ROSEBANK is located on BLACKBRIDGE ROAD in FRESHWATER, in the PO40 postcode district. The below map shows the position of ROSEBANK on BLACKBRIDGE ROAD.