16, SOVEREIGN WAY, RYDE, PO33 3DL - £325,000

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 SOVEREIGN WAY is a large detached house of 121m², built sometime between 1996 and 2002. It was last sold for £325,000 in July 2014, which was around 21% above the average July 2014 detached price in the Isle of Wight local authority area. The most recent EPC inspection was April 2014, where the current energy rating was C, and the potential energy rating was B.

16 SOVEREIGN WAY Sold Prices

Land registry data shows three sales for 16 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. All of the three 16 SOVEREIGN 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
2014 18 JUL	£325,000	£267,928	21% above HPI
1999 20 AUG	£129,500	£99,752	30% above HPI
1997 20 MAY	£104,500	£76,595	36% above HPI

16 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 16 SOVEREIGN WAY sales between May 1997 and July 2014 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 1999 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the July 2014 sale, where it falls to 21% above the HPI. The line then continues to track at 21% above the HPI.

How Large is 16 SOVEREIGN WAY?

16 SOVEREIGN WAY is 121m² according to the EPC inspection conducted in April 2014. 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 16 SOVEREIGN WAY lies on this distribution: 63% of detached houses are smaller than 16 SOVEREIGN WAY, and 36% of houses are larger. Note that EPC data is not available for all properties in Ryde.

16 SOVEREIGN WAY: Plot and Title Map

16 SOVEREIGN WAY sits on a plot of roughly 0.091 of an acre, or 369m². The below map shows the location of 16 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 16 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 16 SOVEREIGN WAY?

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