20, REDLAKE ROAD, FRESHWATER, PO40 9DD - £250,000

20 REDLAKE ROAD is a very small detached house of 60m², built sometime between 1967 and 1975. It was last sold for £250,000 in April 2021, which was around 31% below the average April 2021 detached price in the Isle of Wight local authority area. The most recent EPC inspection was December 2020, where the current energy rating was D, and the potential energy rating was B.

20 REDLAKE ROAD Sold Prices

Land registry data shows two sales for 20 REDLAKE ROAD 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 20 REDLAKE ROAD 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
2021 9 APR	£250,000	£364,812	31% below HPI
1995 15 DEC	£55,000	£69,849	21% below HPI

20 REDLAKE ROAD 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 20 REDLAKE ROAD sales from December 1995 and April 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 December 1995 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the April 2021 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 20 REDLAKE ROAD?

20 REDLAKE ROAD is 60m² according to the EPC inspection conducted in December 2020. This puts it in the smallest 10% of detached houses in Freshwater, based on EPC data. The below chart shows the distribution of detached houses by size in Freshwater, and where 20 REDLAKE ROAD lies on this distribution: 8% of detached houses are smaller than 20 REDLAKE ROAD, and 92% of houses are larger. Note that EPC data is not available for all properties in Freshwater.

20 REDLAKE ROAD: Plot and Title Map

20 REDLAKE ROAD sits on a plot of roughly 0.079 of an acre, or 318m². The below map shows the location of 20 REDLAKE ROAD, 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 20 REDLAKE ROAD). 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 20 REDLAKE ROAD?

20 REDLAKE ROAD is located in FRESHWATER, in the PO40 postcode district. The below map shows the position of No. 20 on REDLAKE ROAD.