THE FARTHINGS, GROVE ROAD, RYDE, PO33 3LH - £240,000

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

THE FARTHINGS is a large extended detached house of 119m², built sometime between 1967 and 1975. It was last sold for £240,000 in November 2012, which was around 4% below the average November 2012 detached price in the Isle of Wight local authority area. The most recent EPC inspection was August 2011, where the current energy rating was D, and the potential energy rating was C.

THE FARTHINGS Sold Prices

Land registry data shows three sales for THE FARTHINGS 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. Two of the three THE FARTHINGS sales were for below the average price, whilst one was 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
2012 23 NOV	£240,000	£248,815	4% below HPI
2009 10 AUG	£230,000	£235,539	2% below HPI
2002 16 DEC	£199,000	£184,364	8% above HPI

THE FARTHINGS 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 THE FARTHINGS sales between December 2002 and November 2012 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 2009 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the November 2012 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

How Large is THE FARTHINGS?

THE FARTHINGS is 119m², which includes one extension, according to the EPC inspection conducted in August 2011. This puts it in the largest 40% of detached houses in Ryde, based on EPC data. The below chart shows the distribution of detached houses by size in Ryde, and where THE FARTHINGS lies on this distribution: 61% of detached houses are smaller than THE FARTHINGS, and 39% of houses are larger. Note that EPC data is not available for all properties in Ryde.

THE FARTHINGS: Plot and Title Map

THE FARTHINGS sits on a plot of roughly 0.079 of an acre, or 319m². The below map shows the location of THE FARTHINGS, 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 THE FARTHINGS). 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 THE FARTHINGS?

THE FARTHINGS is located on GROVE ROAD in RYDE, in the PO33 postcode district. The below map shows the position of THE FARTHINGS on GROVE ROAD.