28, PARKWAY, FRESHWATER, PO40 9DH - £265,000

Based on the November 2024 Price Paid Data (released on 2nd January 2025), the October 2024 House Price Index (released on 18th December 2024), and the October 2024 Energy Performance of Buildings Data (released on 28th November 2024). Sources

28 PARKWAY is a small extended detached house of 80m², built sometime between 1976 and 1982. It was last sold for £265,000 in May 2017, which was around 12% below the average May 2017 detached price in the Isle of Wight local authority area. The most recent EPC inspection was September 2016, where the current energy rating was B, and the potential energy rating was A.

28 PARKWAY Sold Prices

Land registry data shows three sales for 28 PARKWAY 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 28 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
2017 31 MAY	£265,000	£301,582	12% below HPI
2013 6 DEC	£192,500	£259,966	26% below HPI
1996 25 NOV	£45,000	£70,517	36% below HPI

28 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 three 28 PARKWAY sales between November 1996 and May 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 December 2013 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the May 2017 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 28 PARKWAY?

28 PARKWAY is 80m², which includes one extension, according to the EPC inspection conducted in September 2016. This puts it in the smallest 40% of detached houses in Freshwater, based on EPC data. The below chart shows the distribution of detached houses by size in Freshwater, and where 28 PARKWAY lies on this distribution: 32% of detached houses are smaller than 28 PARKWAY, and 67% of houses are larger. Note that EPC data is not available for all properties in Freshwater.

28 PARKWAY: Plot and Title Map

28 PARKWAY sits on a plot of roughly 0.124 of an acre, or 503m². The below map shows the location of 28 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 28 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 28 PARKWAY?

28 PARKWAY is located in FRESHWATER, in the PO40 postcode district. The below map shows the position of No. 28 on PARKWAY.