NEW LODGE, LOWER WOOD STREET, RYDE, PO33 2DR - £200,000

NEW LODGE is a large detached house of 143m², built sometime between 1976 and 1982. It was last sold for £200,000 in May 2007, which was around 23% below the average May 2007 detached price in the Isle of Wight local authority area. The most recent EPC inspection was July 2018, where the current energy rating was C, and the potential energy rating was C.

NEW LODGE Sold Prices

Land registry data shows three sales for NEW LODGE 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 NEW LODGE 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
2007 18 MAY	£200,000	£259,555	23% below HPI
2006 26 SEP	£160,000	£250,916	36% below HPI
2002 2 AUG	£140,000	£169,911	18% below HPI

NEW LODGE 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 NEW LODGE sales between August 2002 and May 2007 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 2006 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the May 2007 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is NEW LODGE?

NEW LODGE is 143m² according to the EPC inspection conducted in July 2018. This puts it in the largest 30% of detached houses in Ryde, based on EPC data. The below chart shows the distribution of detached houses by size in Ryde, and where NEW LODGE lies on this distribution: 79% of detached houses are smaller than NEW LODGE, and 20% of houses are larger. Note that EPC data is not available for all properties in Ryde.

NEW LODGE: Plot and Title Map

NEW LODGE sits on a plot of roughly 0.049 of an acre, or 198m². The below map shows the location of NEW LODGE, 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 NEW LODGE). 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 NEW LODGE?

NEW LODGE is located on LOWER WOOD STREET in RYDE, in the PO33 postcode district. The below map shows the position of NEW LODGE on LOWER WOOD STREET.