STUMPS, WELLWOOD GLADE, RYDE, PO33 4HA - £550,000

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.

STUMPS is a very large detached house of 216m², which could now be worth an estimated £734,425. It was last sold for £550,000 in June 2018, which was around 80% above the average June 2018 detached price in the Isle of Wight local authority area. The most recent EPC inspection was September 2011, where the current energy rating was B, and the potential energy rating was B.

STUMPS Sold Prices

Land registry data shows four sales for STUMPS 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 STUMPS 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
2018 13 JUN	£550,000	£304,883	80% above HPI
2012 28 JUN	£500,000	£250,382	100% above HPI
2010 19 MAR	£151,000	£248,387	39% below HPI
1998 24 JUL	£162,000	£86,539	87% above HPI

STUMPS 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 STUMPS sales between July 1998 and June 2018 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 June 2012 sale was for 100% above the HPI. So the extrapolation line tracks at 100% above the HPI over time, until the June 2018 sale, where it falls to 80% above the HPI. The line then continues to track at 80% above the HPI.

What might STUMPS be worth now?

STUMPS might now be worth an estimated £734,425.

This is based on house price inflation of 33.5%, between June 2018 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 33.5% inflationary increase is applied to the most recent sale price for STUMPS of £550,000 on 13th June 2018. For the value to have increased from £550,000 to £734,425 over the seven years and four months to February 2025, the following assumptions must hold true:

• The value of STUMPS has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The June 2018 sale price of £550,000 represented a fair market value for the property.
• The size, condition, and specification of STUMPS has not materially changed since June 2018.

How Large is STUMPS?

STUMPS is 216m² according to the EPC inspection conducted in September 2011. This puts it in the largest 10% of detached houses houses in Ryde, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ryde, and where STUMPS lies on this distribution: 94% of detached houses houses are smaller than STUMPS, and 6% of houses are larger. Note that EPC data is not available for all properties in Ryde.

STUMPS: Plot and Title Map

STUMPS sits on a plot of roughly 0.333 of an acre, or 1,348m². The below map shows the location of STUMPS, 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 STUMPS). 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 STUMPS?

STUMPS is located on WELLWOOD GLADE in RYDE, in the PO33 postcode district. The below map shows the position of STUMPS on WELLWOOD GLADE.