12, SOVEREIGN WAY, RYDE, PO33 3DL - £300,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

12 SOVEREIGN WAY is a large detached house of 125m², built sometime between 1996 and 2002. It was last sold for £300,000 in August 2012, which was around 16% above the average August 2012 detached price in the Isle of Wight local authority area. The most recent EPC inspection was June 2011, where the current energy rating was D, and the potential energy rating was D.

12 SOVEREIGN WAY Sold Prices

Land registry data shows three sales for 12 SOVEREIGN WAY 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. Two of the three 12 SOVEREIGN WAY sales were for above the average price, whilst one was 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
2012 3 AUG	£300,000	£257,714	16% above HPI
2005 7 OCT	£275,000	£243,518	13% above HPI
1998 3 NOV	£52,500	£95,045	45% below HPI

12 SOVEREIGN WAY 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 12 SOVEREIGN WAY sales between November 1998 and August 2012 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 2005 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the August 2012 sale, where it rises to 16% above the HPI. The line then continues to track at 16% above the HPI.

How Large is 12 SOVEREIGN WAY?

12 SOVEREIGN WAY is 125m² according to the EPC inspection conducted in June 2011. This puts it in the largest 40% of detached houses in Ryde, based on EPC data. The below chart shows the distribution of detached houses by size in Ryde, and where 12 SOVEREIGN WAY lies on this distribution: 66% of detached houses are smaller than 12 SOVEREIGN WAY, and 34% of houses are larger. Note that EPC data is not available for all properties in Ryde.

12 SOVEREIGN WAY: Plot and Title Map

12 SOVEREIGN WAY sits on a plot of roughly 0.093 of an acre, or 376m². The below map shows the location of 12 SOVEREIGN WAY, 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 12 SOVEREIGN WAY). 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 12 SOVEREIGN WAY?

12 SOVEREIGN WAY is located in RYDE, in the PO33 postcode district. The below map shows the position of No. 12 on SOVEREIGN WAY.