3, DERWENT DRIVE, RYDE, PO33 1NT - £315,000

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.

3 DERWENT DRIVE is a midsized detached house of 106m², built sometime between 1967 and 1975, which could now be worth an estimated £384,118. It was last sold for £315,000 in October 2018, which was around 1% above the average October 2018 detached price in the Isle of Wight local authority area. The most recent EPC inspection was May 2014, where the current energy rating was D, and the potential energy rating was B.

3 DERWENT DRIVE Sold Prices

Land registry data shows two sales for 3 DERWENT DRIVE 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. One of the two 3 DERWENT DRIVE sales was for above the average price, whilst the other was 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
2018 5 OCT	£315,000	£311,532	1% above HPI
2014 19 SEP	£250,000	£260,427	4% below HPI

3 DERWENT DRIVE 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 3 DERWENT DRIVE sales from September 2014 and October 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 September 2014 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the October 2018 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 3 DERWENT DRIVE be worth now?

3 DERWENT DRIVE might now be worth an estimated £384,118.

This is based on house price inflation of 21.9%, between October 2018 and May 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 21.9% inflationary increase is applied to the most recent sale price for 3 DERWENT DRIVE of £315,000 on 5th October 2018. For the value to have increased from £315,000 to £384,118 over the eight years and five months to May 2026, the following assumptions must hold true:

• The value of 3 DERWENT DRIVE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The October 2018 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of 3 DERWENT DRIVE has not materially changed since October 2018.

How Large is 3 DERWENT DRIVE?

3 DERWENT DRIVE is 106m² according to the EPC inspection conducted in May 2014. This puts it in the largest 50% 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 3 DERWENT DRIVE lies on this distribution: 49% of detached houses houses are smaller than 3 DERWENT DRIVE, and 50% of houses are larger. Note that EPC data is not available for all properties in Ryde.

3 DERWENT DRIVE: Plot and Title Map

3 DERWENT DRIVE sits on a plot of roughly 0.118 of an acre, or 476m². The below map shows the location of 3 DERWENT DRIVE, 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 3 DERWENT DRIVE). 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 3 DERWENT DRIVE?

3 DERWENT DRIVE is located in RYDE, in the PO33 postcode district. The below map shows the position of No. 3 on DERWENT DRIVE.