5, MATTHEWS WAY, SEAVIEW, PO34 5LB - £485,000

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

5 MATTHEWS WAY is a very small detached house of 77m², built sometime between 1983 and 1990. It was last sold for £485,000 in August 2022, which was around 14% above the average August 2022 detached price in the Isle of Wight local authority area. The most recent EPC inspection was March 2014, where the current energy rating was D, and the potential energy rating was B.

5 MATTHEWS WAY Sold Prices

Land registry data shows six sales for 5 MATTHEWS WAY since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. Most of the six 5 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
2022 17 AUG	£485,000	£425,763	14% above HPI
2014 22 JUL	£248,000	£267,928	7% below HPI
2003 14 NOV	£215,000	£204,988	5% above HPI
2002 15 APR	£155,000	£153,434	1% above HPI
2000 14 JUL	£127,950	£123,462	4% above HPI
1999 29 JUN	£114,000	£96,072	19% above HPI

5 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 six 5 MATTHEWS WAY sales between June 1999 and August 2022 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 2014 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the August 2022 sale, where it rises to 14% above the HPI. The line then continues to track at 14% above the HPI.

How Large is 5 MATTHEWS WAY?

5 MATTHEWS WAY is 77m² according to the EPC inspection conducted in March 2014. 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 5 MATTHEWS WAY lies on this distribution: 16% of detached houses are smaller than 5 MATTHEWS WAY, and 83% of houses are larger. Note that EPC data is not available for all properties in Nettlestone.

5 MATTHEWS WAY: Plot and Title Map

5 MATTHEWS WAY sits on a plot of roughly 0.136 of an acre, or 550m². The below map shows the location of 5 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 5 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 5 MATTHEWS WAY?

5 MATTHEWS WAY is located in SEAVIEW, in the PO34 postcode district. The below map shows the position of No. 5 on MATTHEWS WAY.