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

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.

16 PARKWAY is a very small detached house of 74m², built sometime between 1967 and 1975, which could now be worth an estimated £345,170. It was last sold for £341,000 in February 2024, which was around 15% 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	£402,198	15% below HPI
2013 26 JUL	£155,000	£249,151	38% 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 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the February 2024 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 16 PARKWAY be worth now?

16 PARKWAY might now be worth an estimated £345,170.

This is based on house price inflation of 1.2%, between February 2024 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 1.2% inflationary increase is applied to the most recent sale price for 16 PARKWAY of £341,000 on 14th February 2024. For the value to have increased from £341,000 to £345,170 over the one year to February 2025, the following assumptions must hold true:

• The value of 16 PARKWAY has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The February 2024 sale price of £341,000 represented a fair market value for the property.
• The size, condition, and specification of 16 PARKWAY has not materially changed since February 2024.

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 houses in Ryde, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ryde, and where 16 PARKWAY lies on this distribution: 17% of detached houses 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.