16, PARKWAY, RYDE, PO33 3RZ - £341,000

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

16 PARKWAY is a very small detached house of 74m², built sometime between 1967 and 1975. It was last sold for £341,000 in February 2024, which was around 18% below the average February 2024 detached price in the Isle of Wight local authority area. The most recent EPC inspection was May 2023, where the current energy rating was D, and the potential energy rating was B.

16 PARKWAY Sold Prices

Land registry data shows two sales for 16 PARKWAY 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 16 PARKWAY 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
2024 14 FEB	£341,000	£417,285	18% below HPI
2013 26 JUL	£155,000	£254,455	39% below HPI

16 PARKWAY 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 16 PARKWAY sales from July 2013 and February 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 July 2013 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the February 2024 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 16 PARKWAY?

16 PARKWAY is 74m² according to the EPC inspection conducted in May 2023. This puts it in the smallest 20% of detached houses in Ryde, based on EPC data. The below chart shows the distribution of detached houses by size in Ryde, and where 16 PARKWAY lies on this distribution: 17% of detached houses are smaller than 16 PARKWAY, and 82% of houses are larger. Note that EPC data is not available for all properties in Ryde.

16 PARKWAY: Plot and Title Map

16 PARKWAY sits on a plot of roughly 0.103 of an acre, or 415m². The below map shows the location of 16 PARKWAY, 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 16 PARKWAY). 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 16 PARKWAY?

16 PARKWAY is located in RYDE, in the PO33 postcode district. The below map shows the position of No. 16 on PARKWAY.