15, MATTHEWS WAY, SEAVIEW, PO34 5LB - £350,000

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.

15 MATTHEWS WAY is a midsized extended detached house of 96m², built sometime between 1983 and 1990, which could now be worth an estimated £439,292. It was last sold for £350,000 in December 2019, which was around 8% above the average December 2019 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.

15 MATTHEWS WAY Sold Prices

Land registry data shows four sales for 15 MATTHEWS WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. Most of the four 15 MATTHEWS WAY 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
2019 2 DEC	£350,000	£324,364	8% above HPI
2012 28 AUG	£262,500	£252,342	4% above HPI
2009 11 DEC	£285,000	£244,109	17% above HPI
2008 28 MAR	£249,950	£257,293	3% below HPI

15 MATTHEWS 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 four 15 MATTHEWS WAY sales between March 2008 and December 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 August 2012 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the December 2019 sale, where it rises to 8% above the HPI. The line then continues to track at 8% above the HPI.

What might 15 MATTHEWS WAY be worth now?

15 MATTHEWS WAY might now be worth an estimated £439,292.

This is based on house price inflation of 25.5%, between December 2019 and February 2025, for 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 25.5% inflationary increase is applied to the most recent sale price for 15 MATTHEWS WAY of £350,000 on 2nd December 2019. For the value to have increased from £350,000 to £439,292 over the six years and ten months to February 2025, the following assumptions must hold true:

• The value of 15 MATTHEWS WAY has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The December 2019 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 15 MATTHEWS WAY has not materially changed since December 2019.

How Large is 15 MATTHEWS WAY?

15 MATTHEWS WAY is 96m², which includes one extension, according to the EPC inspection conducted in June 2011. This puts it in the smallest 50% of detached houses houses in Nettlestone, based on EPC data. The below chart shows the distribution of detached houses houses by size in Nettlestone, and where 15 MATTHEWS WAY lies on this distribution: 46% of detached houses houses are smaller than 15 MATTHEWS WAY, and 54% of houses are larger. Note that EPC data is not available for all properties in Nettlestone.

15 MATTHEWS WAY: Plot and Title Map

15 MATTHEWS WAY sits on a plot of roughly 0.171 of an acre, or 693m². The below map shows the location of 15 MATTHEWS 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 15 MATTHEWS 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 15 MATTHEWS WAY?

15 MATTHEWS WAY is located in SEAVIEW, in the PO34 postcode district. The below map shows the position of No. 15 on MATTHEWS WAY.