3, MATTHEWS WAY, SEAVIEW, PO34 5LB - £146,000

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.

3 MATTHEWS WAY is a large detached house of 109m², built sometime between 1976 and 1982, which could now be worth an estimated £455,000. It was last sold for £146,000 in May 2001, which was around 12% above the average May 2001 detached price in the Isle of Wight local authority area. The most recent EPC inspection was October 2016, where the current energy rating was D, and the potential energy rating was C.

3 MATTHEWS WAY Sold Prices

Land registry data shows two sales for 3 MATTHEWS WAY 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. One of the two 3 MATTHEWS WAY sales was for above the average price, whilst the other was roughly equal to 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
2001 31 MAY	£146,000	£130,635	12% above HPI
1996 30 JUL	£69,000	£68,702	Close to HPI

3 MATTHEWS 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 two 3 MATTHEWS WAY sales from July 1996 and May 2001 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 July 1996 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the May 2001 sale, where it rises to 12% above the HPI. The line then continues to track at 12% above the HPI.

What might 3 MATTHEWS WAY be worth now?

3 MATTHEWS WAY might now be worth an estimated £455,000.

This is based on house price inflation of 211.6%, between May 2001 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 211.6% inflationary increase is applied to the most recent sale price for 3 MATTHEWS WAY of £146,000 on 31st May 2001. For the value to have increased from £146,000 to £455,000 over the 24 years and three months to February 2025, the following assumptions must hold true:

• The value of 3 MATTHEWS WAY has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The May 2001 sale price of £146,000 represented a fair market value for the property.
• The size, condition, and specification of 3 MATTHEWS WAY has not materially changed since May 2001.

How Large is 3 MATTHEWS WAY?

3 MATTHEWS WAY is 109m² according to the EPC inspection conducted in October 2016. This puts it in the largest 40% of detached houses houses in Nettlestone, based on EPC data. The below chart shows the distribution of detached houses houses by size in Nettlestone, and where 3 MATTHEWS WAY lies on this distribution: 61% of detached houses houses are smaller than 3 MATTHEWS WAY, and 39% of houses are larger. Note that EPC data is not available for all properties in Nettlestone.

3 MATTHEWS WAY: Plot and Title Map

3 MATTHEWS WAY sits on a plot of roughly 0.115 of an acre, or 467m². The below map shows the location of 3 MATTHEWS 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 3 MATTHEWS 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 3 MATTHEWS WAY?

3 MATTHEWS WAY is located in SEAVIEW, in the PO34 postcode district. The below map shows the position of No. 3 on MATTHEWS WAY.