2, GREGORY CLOSE, RYDE, PO33 1QR - £450,000

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.

2 GREGORY CLOSE is a midsized extended detached house of 123m², built sometime between 1976 and 1982, which could now be worth an estimated £446,912. It was last sold for £450,000 in December 2021, which was around 14% above the average December 2021 detached price in the Isle of Wight local authority area. The most recent EPC inspection was November 2021, where the current energy rating was C, and the potential energy rating was B.

2 GREGORY CLOSE Sold Prices

Land registry data shows three sales for 2 GREGORY CLOSE 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. One of the three 2 GREGORY CLOSE sales was for above the average price, whilst two 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
2021 15 DEC	£450,000	£394,165	14% above HPI
2004 23 NOV	£217,000	£234,488	7% below HPI
2003 5 FEB	£120,000	£181,623	34% below HPI

2 GREGORY CLOSE 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 2 GREGORY CLOSE sales between February 2003 and December 2021 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 2004 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the December 2021 sale, where it rises to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might 2 GREGORY CLOSE be worth now?

2 GREGORY CLOSE might now be worth an estimated £446,912.

This is based on house price deflation of 0.7%, between December 2021 and July 2026, 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 0.7% deflationary decrease is applied to the most recent sale price for 2 GREGORY CLOSE of £450,000 on 15th December 2021. For the value to have decreased from £450,000 to £446,912 over the five years and five months to July 2026, the following assumptions must hold true:

• The value of 2 GREGORY CLOSE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The December 2021 sale price of £450,000 represented a fair market value for the property.
• The size, condition, and specification of 2 GREGORY CLOSE has not materially changed since December 2021.

How Large is 2 GREGORY CLOSE?

2 GREGORY CLOSE is 123m², which includes two extensions, according to the EPC inspection conducted in November 2021. This puts it in the largest 50% of detached houses houses in Pondwell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Pondwell, and where 2 GREGORY CLOSE lies on this distribution: 51% of detached houses houses are smaller than 2 GREGORY CLOSE, and 49% of houses are larger. Note that EPC data is not available for all properties in Pondwell.

2 GREGORY CLOSE: Plot and Title Map

2 GREGORY CLOSE sits on a plot of roughly 0.142 of an acre, or 574m². The below map shows the location of 2 GREGORY CLOSE, 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 2 GREGORY CLOSE). 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 2 GREGORY CLOSE?

2 GREGORY CLOSE is located in RYDE, in the PO33 postcode district. The below map shows the position of No. 2 on GREGORY CLOSE.