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

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 SOVEREIGN WAY is a large detached house of 121m², built sometime between 1996 and 2002, which could now be worth an estimated £504,350. It was last sold for £325,000 in July 2014, which was around 24% 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	£262,343	24% above HPI
1999 20 AUG	£129,500	£97,672	33% above HPI
1997 20 MAY	£104,500	£74,998	39% 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 33% above the HPI. So the extrapolation line tracks at 33% above the HPI over time, until the July 2014 sale, where it falls to 24% above the HPI. The line then continues to track at 24% above the HPI.

What might 16 SOVEREIGN WAY be worth now?

16 SOVEREIGN WAY might now be worth an estimated £504,350.

This is based on house price inflation of 55.2%, between July 2014 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 55.2% inflationary increase is applied to the most recent sale price for 16 SOVEREIGN WAY of £325,000 on 18th July 2014. For the value to have increased from £325,000 to £504,350 over the eleven years and five months to February 2025, the following assumptions must hold true:

• The value of 16 SOVEREIGN WAY has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The July 2014 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 16 SOVEREIGN WAY has not materially changed since July 2014.

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 houses in Ryde, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ryde, and where 16 SOVEREIGN WAY lies on this distribution: 63% of detached houses 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.