61, PARKWAY, FRESHWATER, PO40 9DH - £124,950

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

61 PARKWAY is a very small detached house of 65m², built sometime between 1950 and 1966. It was last sold for £124,950 in April 2002, which was around 19% below the average April 2002 detached price in the Isle of Wight local authority area. The most recent EPC inspection was December 2015, where the current energy rating was D, and the potential energy rating was B.

61 PARKWAY Sold Prices

Land registry data shows two sales for 61 PARKWAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. Both of the two 61 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
2002 9 APR	£124,950	£153,434	19% below HPI
1999 17 MAY	£74,000	£97,717	24% below HPI

61 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 two 61 PARKWAY sales from May 1999 and April 2002 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 May 1999 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the April 2002 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 61 PARKWAY?

61 PARKWAY is 65m² according to the EPC inspection conducted in December 2015. This puts it in the smallest 20% of detached houses in Freshwater, based on EPC data. The below chart shows the distribution of detached houses by size in Freshwater, and where 61 PARKWAY lies on this distribution: 12% of detached houses are smaller than 61 PARKWAY, and 87% of houses are larger. Note that EPC data is not available for all properties in Freshwater.

61 PARKWAY: Plot and Title Map

61 PARKWAY sits on a plot of roughly 0.084 of an acre, or 341m². The below map shows the location of 61 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 61 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 61 PARKWAY?

61 PARKWAY is located in FRESHWATER, in the PO40 postcode district. The below map shows the position of No. 61 on PARKWAY.