RICHMOND HOUSE, AVENUE ROAD, FRESHWATER, PO40 9UU - £387,950

RICHMOND HOUSE is a very large detached house of 154m², built sometime between 1930 and 1949. It was last sold for £387,950 in July 2023, which was around 8% below the average July 2023 detached price in the Isle of Wight local authority area. The most recent EPC inspection was December 2022, where the current energy rating was C, and the potential energy rating was B.

RICHMOND HOUSE Sold Prices

Land registry data shows two sales for RICHMOND HOUSE 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 RICHMOND HOUSE 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
2023 24 JUL	£387,950	£421,206	8% below HPI
2016 11 MAR	£275,000	£289,611	5% below HPI

RICHMOND HOUSE 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 RICHMOND HOUSE sales from March 2016 and July 2023 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 March 2016 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the July 2023 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is RICHMOND HOUSE?

RICHMOND HOUSE is 154m² according to the EPC inspection conducted in December 2022. This puts it in the largest 20% of detached houses in Freshwater, based on EPC data. The below chart shows the distribution of detached houses by size in Freshwater, and where RICHMOND HOUSE lies on this distribution: 88% of detached houses are smaller than RICHMOND HOUSE, and 11% of houses are larger. Note that EPC data is not available for all properties in Freshwater.

RICHMOND HOUSE: Plot and Title Map

RICHMOND HOUSE sits on a plot of roughly 0.109 of an acre, or 443m². The below map shows the location of RICHMOND HOUSE, 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 RICHMOND HOUSE). 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 RICHMOND HOUSE?

RICHMOND HOUSE is located on AVENUE ROAD in FRESHWATER, in the PO40 postcode district. The below map shows the position of RICHMOND HOUSE on AVENUE ROAD.