4, MULBERRY WAY, RYDE, PO33 1QW - £245,000

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.

4 MULBERRY WAY is a midsized terraced house of 115m², built sometime between 1996 and 2002, which could now be worth an estimated £310,000. It was last sold for £245,000 in August 2019, which was around 45% above the average August 2019 terraced price in the Isle of Wight local authority area. The most recent EPC inspection was April 2019, where the current energy rating was C, and the potential energy rating was B.

4 MULBERRY WAY Sold Prices

Land registry data shows two sales for 4 MULBERRY WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Isle of Wight local authority area for the corresponding sale date. Both of the two 4 MULBERRY WAY 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
2019 16 AUG	£245,000	£169,012	45% above HPI
2002 12 AUG	£145,000	£80,724	80% above HPI

4 MULBERRY WAY Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Isle of Wight local authority area over time, sourced from the HPI. The two 4 MULBERRY WAY sales from August 2002 and August 2019 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 2002 sale was for 80% above the HPI. So the extrapolation line tracks at 80% above the HPI over time, until the August 2019 sale, where it falls to 45% above the HPI. The line then continues to track at 45% above the HPI.

What might 4 MULBERRY WAY be worth now?

4 MULBERRY WAY might now be worth an estimated £310,000.

This is based on house price inflation of 26.5%, between August 2019 and August 2025, for terraced 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 26.5% inflationary increase is applied to the most recent sale price for 4 MULBERRY WAY of £245,000 on 16th August 2019. For the value to have increased from £245,000 to £310,000 over the six years to August 2025, the following assumptions must hold true:

• The value of 4 MULBERRY WAY has moved in line with the HPI for terraced houses in the Isle of Wight local authority area.
• The August 2019 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 4 MULBERRY WAY has not materially changed since August 2019.

How Large is 4 MULBERRY WAY?

4 MULBERRY WAY is 115m² according to the EPC inspection conducted in April 2019. This puts it in the largest 50% of terraced houses houses in Ryde, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Ryde, and where 4 MULBERRY WAY lies on this distribution: 58% of terraced houses houses are smaller than 4 MULBERRY WAY, and 41% of houses are larger. Note that EPC data is not available for all properties in Ryde.

4 MULBERRY WAY: Plot and Title Map

4 MULBERRY WAY sits on a plot of roughly 0.061 of an acre, or 247m². The below map shows the location of 4 MULBERRY WAY, 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 4 MULBERRY WAY). 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 4 MULBERRY WAY?

4 MULBERRY WAY is located in RYDE, in the PO33 postcode district. The below map shows the position of No. 4 on MULBERRY WAY.