56, WEST STREET, RYDE, PO33 2UH - £215,000

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.

56 WEST STREET is a very large extended semi-detached house of 120m², built sometime between 1900 and 1929, which could now be worth an estimated £263,073. It was last sold for £215,000 in August 2019, which was around 2% below the average August 2019 semi-detached price in the Isle of Wight local authority area. The most recent EPC inspection was April 2019, where the current energy rating was D, and the potential energy rating was C.

56 WEST STREET Sold Prices

Land registry data shows two sales for 56 WEST STREET since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Isle of Wight local authority area for the corresponding sale date. Both of the two 56 WEST STREET 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
2019 21 AUG	£215,000	£219,197	2% below HPI
2008 31 OCT	£150,000	£170,156	12% below HPI

56 WEST STREET 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 56 WEST STREET sales from October 2008 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 October 2008 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the August 2019 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 56 WEST STREET be worth now?

56 WEST STREET might now be worth an estimated £263,073.

This is based on house price inflation of 22.4%, between August 2019 and March 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 22.4% inflationary increase is applied to the most recent sale price for 56 WEST STREET of £215,000 on 21st August 2019. For the value to have increased from £215,000 to £263,073 over the seven years and five months to March 2026, the following assumptions must hold true:

• The value of 56 WEST STREET has moved in line with the HPI for semi-detached houses in the Isle of Wight local authority area.
• The August 2019 sale price of £215,000 represented a fair market value for the property.
• The size, condition, and specification of 56 WEST STREET has not materially changed since August 2019.

How Large is 56 WEST STREET?

56 WEST STREET is 120m², which includes one extension, according to the EPC inspection conducted in April 2019. This puts it in the largest 20% of semi-detached houses in Ryde, based on EPC data. The below chart shows the distribution of semi-detached houses by size in Ryde, and where 56 WEST STREET lies on this distribution: 89% of semi-detached houses are smaller than 56 WEST STREET, and 11% of semi-detached houses are larger. Note that EPC data is not available for all properties in Ryde.

Where is 56 WEST STREET?

56 WEST STREET is located in RYDE, in the PO33 postcode district.