RUNNYMEDE, QUEENS ROAD, FRESHWATER, PO40 9ES - £345,000

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.

RUNNYMEDE is a very large detached house of 152m², built sometime between 1967 and 1975, which could now be worth an estimated £485,914. It was last sold for £345,000 in February 2017, which was around 19% above the average February 2017 detached price in the Isle of Wight local authority area. The most recent EPC inspection was April 2016, where the current energy rating was D, and the potential energy rating was B.

RUNNYMEDE Sold Prices

Land registry data shows two sales for RUNNYMEDE 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. Both of the two RUNNYMEDE 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
2017 23 FEB	£345,000	£289,053	19% above HPI
2003 21 NOV	£230,000	£200,715	15% above HPI

RUNNYMEDE 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 RUNNYMEDE sales from November 2003 and February 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 2003 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the February 2017 sale, where it rises to 19% above the HPI. The line then continues to track at 19% above the HPI.

What might RUNNYMEDE be worth now?

RUNNYMEDE might now be worth an estimated £485,914.

This is based on house price inflation of 40.8%, between February 2017 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 40.8% inflationary increase is applied to the most recent sale price for RUNNYMEDE of £345,000 on 23rd February 2017. For the value to have increased from £345,000 to £485,914 over the eight years to February 2025, the following assumptions must hold true:

• The value of RUNNYMEDE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The February 2017 sale price of £345,000 represented a fair market value for the property.
• The size, condition, and specification of RUNNYMEDE has not materially changed since February 2017.

How Large is RUNNYMEDE?

RUNNYMEDE is 152m² according to the EPC inspection conducted in April 2016. 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 RUNNYMEDE lies on this distribution: 87% of detached houses houses are smaller than RUNNYMEDE, and 13% of houses are larger. Note that EPC data is not available for all properties in Freshwater.

RUNNYMEDE: Plot and Title Map

RUNNYMEDE sits on a plot of roughly 0.116 of an acre, or 469m². The below map shows the location of RUNNYMEDE, 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 RUNNYMEDE). 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 RUNNYMEDE?

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