4, MATTHEWS WAY, SEAVIEW, PO34 5LB - £475,000

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

4 MATTHEWS WAY is a very small extended detached house of 77m², built sometime between 1967 and 1975. It was last sold for £475,000 in May 2023, which was around 11% above the average May 2023 detached price in the Isle of Wight local authority area. The most recent EPC inspection was November 2023, where the current energy rating was C, and the potential energy rating was B.

4 MATTHEWS WAY Sold Prices

Land registry data shows four sales for 4 MATTHEWS WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. Most of the four 4 MATTHEWS WAY sales were 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
2023 18 MAY	£475,000	£428,324	11% above HPI
2019 16 OCT	£340,000	£330,575	3% above HPI
2011 2 AUG	£235,000	£248,070	5% below HPI
2003 4 NOV	£210,000	£204,988	2% above HPI

4 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 four 4 MATTHEWS WAY sales between November 2003 and May 2023 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 October 2019 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the May 2023 sale, where it rises to 11% above the HPI. The line then continues to track at 11% above the HPI.

How Large is 4 MATTHEWS WAY?

4 MATTHEWS WAY is 77m², which includes one extension, according to the EPC inspection conducted in November 2023. This puts it in the smallest 20% of detached houses in Nettlestone, based on EPC data. The below chart shows the distribution of detached houses by size in Nettlestone, and where 4 MATTHEWS WAY lies on this distribution: 16% of detached houses are smaller than 4 MATTHEWS WAY, and 83% of houses are larger. Note that EPC data is not available for all properties in Nettlestone.

4 MATTHEWS WAY: Plot and Title Map

4 MATTHEWS WAY sits on a plot of roughly 0.130 of an acre, or 528m². The below map shows the location of 4 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 4 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 4 MATTHEWS WAY?

4 MATTHEWS WAY is located in SEAVIEW, in the PO34 postcode district. The below map shows the position of No. 4 on MATTHEWS WAY.