MARINA, BUCKINGHAM CLOSE, RYDE, PO33 2DN - £525,000

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.

MARINA is a very large detached house of 277m², built sometime between 1950 and 1966, which could now be worth an estimated £671,661. It was last sold for £525,000 in August 2017, which was around 77% above the average August 2017 detached price in the Isle of Wight local authority area. The most recent EPC inspection was May 2012, where the current energy rating was C, and the potential energy rating was B.

MARINA Sold Prices

Land registry data shows three sales for MARINA 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. All of the three MARINA 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
2017 23 AUG	£525,000	£296,938	77% above HPI
2013 20 DEC	£525,000	£254,547	106% above HPI
2007 25 MAY	£355,000	£254,145	40% above HPI

MARINA 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 MARINA sales between May 2007 and August 2017 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 2013 sale was for 106% above the HPI. So the extrapolation line tracks at 106% above the HPI over time, until the August 2017 sale, where it falls to 77% above the HPI. The line then continues to track at 77% above the HPI.

What might MARINA be worth now?

MARINA might now be worth an estimated £671,661.

This is based on house price inflation of 27.9%, between August 2017 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 27.9% inflationary increase is applied to the most recent sale price for MARINA of £525,000 on 23rd August 2017. For the value to have increased from £525,000 to £671,661 over the nine years and three months to May 2026, the following assumptions must hold true:

• The value of MARINA has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The August 2017 sale price of £525,000 represented a fair market value for the property.
• The size, condition, and specification of MARINA has not materially changed since August 2017.

How Large is MARINA?

MARINA is 277m² according to the EPC inspection conducted in May 2012. This puts it in the largest 10% 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 MARINA lies on this distribution: 98% of detached houses houses are smaller than MARINA, and 2% of houses are larger. Note that EPC data is not available for all properties in Ryde.

MARINA: Plot and Title Map

MARINA sits on a plot of roughly 0.172 of an acre, or 698m². The below map shows the location of MARINA, 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 MARINA). 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 MARINA?

MARINA is located on BUCKINGHAM CLOSE in RYDE, in the PO33 postcode district. The below map shows the position of MARINA on BUCKINGHAM CLOSE.