51, PARKWAY, FRESHWATER, PO40 9DH - £280,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

51 PARKWAY is a very small semi-detached house of 55m², built sometime between 1967 and 1975. It was last sold for £280,000 in September 2024, which was around 30% below the average September 2024 detached price in the Isle of Wight local authority area. The most recent EPC inspection was May 2024, where the current energy rating was D, and the potential energy rating was B.

51 PARKWAY Sold Prices

Land registry data shows four sales for 51 PARKWAY 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 51 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
2024 24 SEP	£280,000	£402,200	30% below HPI
2005 20 SEP	£195,000	£237,558	18% below HPI
2004 6 MAY	£173,000	£215,732	20% below HPI
2003 6 AUG	£135,100	£203,162	34% below HPI

51 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 four 51 PARKWAY sales between August 2003 and September 2024 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 September 2005 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the September 2024 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 51 PARKWAY?

51 PARKWAY is 55m² according to the EPC inspection conducted in May 2024. This puts it in the smallest 10% of detached houses in Freshwater, based on EPC data. The below chart shows the distribution of detached houses by size in Freshwater, and where 51 PARKWAY lies on this distribution: 3% of detached houses are smaller than 51 PARKWAY, and 96% of houses are larger. Note that EPC data is not available for all properties in Freshwater.

51 PARKWAY: Plot and Title Map

51 PARKWAY sits on a plot of roughly 0.110 of an acre, or 444m². The below map shows the location of 51 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 51 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 51 PARKWAY?

51 PARKWAY is located in FRESHWATER, in the PO40 postcode district. The below map shows the position of No. 51 on PARKWAY.