18, PARKWAY, RYDE, PO33 3RZ - £176,000

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.

18 PARKWAY is a very small detached house of 72m², built sometime between 1950 and 1966, which could now be worth an estimated £282,498. It was last sold for £176,000 in February 2014, which was around 31% below the average February 2014 detached price in the Isle of Wight local authority area. The most recent EPC inspection was September 2013, where the current energy rating was D, and the potential energy rating was B.

18 PARKWAY Sold Prices

Land registry data shows two sales for 18 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 18 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
2014 12 FEB	£176,000	£253,639	31% below HPI
2003 24 JAN	£137,500	£181,312	24% below HPI

18 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 18 PARKWAY sales from January 2003 and February 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 January 2003 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the February 2014 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 18 PARKWAY be worth now?

18 PARKWAY might now be worth an estimated £282,498.

This is based on house price inflation of 60.5%, between February 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 60.5% inflationary increase is applied to the most recent sale price for 18 PARKWAY of £176,000 on 12th February 2014. For the value to have increased from £176,000 to £282,498 over the eleven years to February 2025, the following assumptions must hold true:

• The value of 18 PARKWAY has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The February 2014 sale price of £176,000 represented a fair market value for the property.
• The size, condition, and specification of 18 PARKWAY has not materially changed since February 2014.

How Large is 18 PARKWAY?

18 PARKWAY is 72m² according to the EPC inspection conducted in September 2013. 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 18 PARKWAY lies on this distribution: 14% of detached houses houses are smaller than 18 PARKWAY, and 85% of houses are larger. Note that EPC data is not available for all properties in Ryde.

18 PARKWAY: Plot and Title Map

18 PARKWAY sits on a plot of roughly 0.095 of an acre, or 385m². The below map shows the location of 18 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 18 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 18 PARKWAY?

18 PARKWAY is located in RYDE, in the PO33 postcode district. The below map shows the position of No. 18 on PARKWAY.