3, PARKWAY, RYDE, PO33 3RY - £186,500

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 PARKWAY is a very small extended detached house of 72m², built sometime between 1950 and 1966, which could now be worth an estimated £270,822. It was last sold for £186,500 in October 2015, which was around 33% below the average October 2015 detached price in the Isle of Wight local authority area. The most recent EPC inspection was March 2015, where the current energy rating was E, and the potential energy rating was B.

3 PARKWAY Sold Prices

Land registry data shows two sales for 3 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 3 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
2015 30 OCT	£186,500	£280,358	33% below HPI
1995 25 MAY	£64,500	£66,782	3% below HPI

3 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 3 PARKWAY sales from May 1995 and October 2015 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 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the October 2015 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might 3 PARKWAY be worth now?

3 PARKWAY might now be worth an estimated £270,822.

This is based on house price inflation of 45.2%, between October 2015 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 45.2% inflationary increase is applied to the most recent sale price for 3 PARKWAY of £186,500 on 30th October 2015. For the value to have increased from £186,500 to £270,822 over the ten years and eight months to February 2025, the following assumptions must hold true:

• The value of 3 PARKWAY has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The October 2015 sale price of £186,500 represented a fair market value for the property.
• The size, condition, and specification of 3 PARKWAY has not materially changed since October 2015.

How Large is 3 PARKWAY?

3 PARKWAY is 72m², which includes one extension, according to the EPC inspection conducted in March 2015. 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 3 PARKWAY lies on this distribution: 14% of detached houses houses are smaller than 3 PARKWAY, and 85% of houses are larger. Note that EPC data is not available for all properties in Ryde.

3 PARKWAY: Plot and Title Map

3 PARKWAY sits on a plot of roughly 0.089 of an acre, or 361m². The below map shows the location of 3 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 3 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 3 PARKWAY?

3 PARKWAY is located in RYDE, in the PO33 postcode district. The below map shows the position of No. 3 on PARKWAY.