5, SOVEREIGN WAY, RYDE, PO33 3DL - £382,500

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 SOVEREIGN WAY is a large detached house of 136m², built sometime between 1996 and 2002. It was last sold for £382,500 in October 2019, which was around 16% above the average October 2019 detached price in the Isle of Wight local authority area. The most recent EPC inspection was April 2019, where the current energy rating was C, and the potential energy rating was B.

5 SOVEREIGN WAY Sold Prices

Land registry data shows four sales for 5 SOVEREIGN 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 5 SOVEREIGN 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
2019 4 OCT	£382,500	£330,575	16% above HPI
2003 30 JAN	£245,000	£185,172	32% above HPI
1999 25 OCT	£140,000	£105,421	33% above HPI
1999 24 MAY	£115,000	£97,717	18% above HPI

5 SOVEREIGN 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 5 SOVEREIGN WAY sales between May 1999 and October 2019 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 January 2003 sale was for 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the October 2019 sale, where it falls to 16% above the HPI. The line then continues to track at 16% above the HPI.

How Large is 5 SOVEREIGN WAY?

5 SOVEREIGN WAY is 136m² according to the EPC inspection conducted in April 2019. This puts it in the largest 30% of detached houses in Ryde, based on EPC data. The below chart shows the distribution of detached houses by size in Ryde, and where 5 SOVEREIGN WAY lies on this distribution: 75% of detached houses are smaller than 5 SOVEREIGN WAY, and 25% of houses are larger. Note that EPC data is not available for all properties in Ryde.

5 SOVEREIGN WAY: Plot and Title Map

5 SOVEREIGN WAY sits on a plot of roughly 0.106 of an acre, or 427m². The below map shows the location of 5 SOVEREIGN 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 SOVEREIGN 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 SOVEREIGN WAY?

5 SOVEREIGN WAY is located in RYDE, in the PO33 postcode district. The below map shows the position of No. 5 on SOVEREIGN WAY.