3, THE OLD FORGE CLOSE, RYDE, PO33 3PL - £195,000

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 THE OLD FORGE CLOSE is a semi-detached house, which could now be worth an estimated £416,126. It was last sold for £195,000 in May 2003, which was around 56% above the average May 2003 semi-detached price in the Isle of Wight local authority area.

3 THE OLD FORGE CLOSE Sold Prices

Land registry data shows three sales for 3 THE OLD FORGE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Isle of Wight local authority area for the corresponding sale date. All of the three 3 THE OLD FORGE CLOSE 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
2003 1 MAY	£195,000	£124,868	56% above HPI
2000 4 AUG	£132,000	£78,788	68% above HPI
1999 30 JUN	£92,500	£61,671	50% above HPI

What might 3 THE OLD FORGE CLOSE be worth now?

3 THE OLD FORGE CLOSE might now be worth an estimated £416,126.

This is based on house price inflation of 113.4%, between May 2003 and May 2026, for semi-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 113.4% inflationary increase is applied to the most recent sale price for 3 THE OLD FORGE CLOSE of £195,000 on 1st May 2003. For the value to have increased from £195,000 to £416,126 over the 23 years to May 2026, the following assumptions must hold true:

• The value of 3 THE OLD FORGE CLOSE has moved in line with the HPI for semi-detached houses in the Isle of Wight local authority area.
• The May 2003 sale price of £195,000 represented a fair market value for the property.
• The size, condition, and specification of 3 THE OLD FORGE CLOSE has not materially changed since May 2003.

Where is 3 THE OLD FORGE CLOSE?

3 THE OLD FORGE CLOSE is located in RYDE, in the PO33 postcode district.