15, MEADOWS WAY, FRESHWATER, PO40 9GF - £575,000

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

15 MEADOWS WAY is a very large detached house of 179m², built in 2022. It was last sold for £575,000 in May 2024, which was around 43% above the average May 2024 detached price in the Isle of Wight local authority area. The most recent EPC inspection was February 2022, where the current energy rating was B, and the potential energy rating was A.

15 MEADOWS WAY Sold Prices

Land registry data shows two sales for 15 MEADOWS WAY 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 15 MEADOWS 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
2024 22 MAY	£575,000	£402,201	43% above HPI
2021 15 JUN	£540,000	£369,466	46% above HPI

15 MEADOWS 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 two 15 MEADOWS WAY sales from June 2021 and May 2024 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 June 2021 sale was for 46% above the HPI. So the extrapolation line tracks at 46% above the HPI over time, until the May 2024 sale, where it falls to 43% above the HPI. The line then continues to track at 43% above the HPI.

How Large is 15 MEADOWS WAY?

15 MEADOWS WAY is 179m² according to the EPC inspection conducted in February 2022. This puts it in the largest 20% of detached houses in Colwell, based on EPC data. The below chart shows the distribution of detached houses by size in Colwell, and where 15 MEADOWS WAY lies on this distribution: 83% of detached houses are smaller than 15 MEADOWS WAY, and 16% of houses are larger. Note that EPC data is not available for all properties in Colwell.

15 MEADOWS WAY: Plot and Title Map

15 MEADOWS WAY sits on a plot of roughly 0.122 of an acre, or 494m². The below map shows the location of 15 MEADOWS 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 MEADOWS 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 MEADOWS WAY?

15 MEADOWS WAY is located in FRESHWATER, in the PO40 postcode district. The below map shows the position of No. 15 on MEADOWS WAY.