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

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

18 PARKWAY is a very small detached house of 72m², built sometime between 1950 and 1966. It was last sold for £176,000 in February 2014, which was around 32% 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	£259,038	32% below HPI
2003 24 JAN	£137,500	£185,172	26% 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 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the February 2014 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

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 in Ryde, based on EPC data. The below chart shows the distribution of detached houses by size in Ryde, and where 18 PARKWAY lies on this distribution: 14% of detached 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.