2, ORCHARDS WAY, SHORWELL, NEWPORT, PO30 3LF - £120,000

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.

2 ORCHARDS WAY is a very small terraced house of 42m², built sometime between 1967 and 1975, which could now be worth an estimated £168,221. It was last sold for £120,000 in January 2017, which was around 21% below the average January 2017 terraced price in the Isle of Wight local authority area. The most recent EPC inspection was June 2016, where the current energy rating was E, and the potential energy rating was A.

2 ORCHARDS WAY Sold Prices

Land registry data shows two sales for 2 ORCHARDS WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Isle of Wight local authority area for the corresponding sale date. One of the two 2 ORCHARDS WAY sales was for below the average price, whilst the other was 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
2017 3 JAN	£120,000	£152,666	21% below HPI
1995 1 MAY	£41,000	£34,468	19% above HPI

2 ORCHARDS WAY Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Isle of Wight local authority area over time, sourced from the HPI. The two 2 ORCHARDS WAY sales from May 1995 and January 2017 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 May 1995 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the January 2017 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 2 ORCHARDS WAY be worth now?

2 ORCHARDS WAY might now be worth an estimated £168,221.

This is based on house price inflation of 40.2%, between January 2017 and July 2025, for terraced 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 40.2% inflationary increase is applied to the most recent sale price for 2 ORCHARDS WAY of £120,000 on 3rd January 2017. For the value to have increased from £120,000 to £168,221 over the seven years and six months to July 2025, the following assumptions must hold true:

• The value of 2 ORCHARDS WAY has moved in line with the HPI for terraced houses in the Isle of Wight local authority area.
• The January 2017 sale price of £120,000 represented a fair market value for the property.
• The size, condition, and specification of 2 ORCHARDS WAY has not materially changed since January 2017.

How Large is 2 ORCHARDS WAY?

2 ORCHARDS WAY is 42m² according to the EPC inspection conducted in June 2016. This puts it in the smallest 10% of terraced houses houses in Shorwell, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Shorwell, and where 2 ORCHARDS WAY lies on this distribution: Less than 1% of terraced houses houses are smaller than 2 ORCHARDS WAY, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Shorwell.

2 ORCHARDS WAY: Plot and Title Map

2 ORCHARDS WAY sits on a plot of roughly 0.044 of an acre, or 179m². The below map shows the location of 2 ORCHARDS 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 2 ORCHARDS 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 2 ORCHARDS WAY?

2 ORCHARDS WAY is located in SHORWELL, in the PO30 postcode district. The below map shows the position of No. 2 on ORCHARDS WAY.