40, FLEET WAY, SHALFLEET, NEWPORT, PO30 4PR - £420,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

40 FLEET WAY is a midsized detached house of 100m², built sometime between 1996 and 2002. It was last sold for £420,000 in January 2023, which was around 4% below the average January 2023 detached price in the Isle of Wight local authority area. The most recent EPC inspection was November 2019, where the current energy rating was C, and the potential energy rating was B.

40 FLEET WAY Sold Prices

Land registry data shows four sales for 40 FLEET 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. All of the four 40 FLEET WAY 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
2023 27 JAN	£420,000	£437,223	4% below HPI
2007 23 FEB	£238,000	£256,041	7% below HPI
2001 16 NOV	£138,000	£146,015	5% below HPI
2001 14 MAY	£129,000	£133,416	3% below HPI

40 FLEET 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 40 FLEET WAY sales between May 2001 and January 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 February 2007 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the January 2023 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

How Large is 40 FLEET WAY?

40 FLEET WAY is 100m² according to the EPC inspection conducted in November 2019. This puts it in the largest 50% of detached houses in Shalfleet, based on EPC data. The below chart shows the distribution of detached houses by size in Shalfleet, and where 40 FLEET WAY lies on this distribution: 53% of detached houses are smaller than 40 FLEET WAY, and 47% of houses are larger. Note that EPC data is not available for all properties in Shalfleet.

40 FLEET WAY: Plot and Title Map

40 FLEET WAY sits on a plot of roughly 0.083 of an acre, or 335m². The below map shows the location of 40 FLEET 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 40 FLEET 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 40 FLEET WAY?

40 FLEET WAY is located in SHALFLEET, in the PO30 postcode district. The below map shows the position of No. 40 on FLEET WAY.