7, SOVEREIGN WAY, RYDE, PO33 3DL - £420,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

7 SOVEREIGN WAY is a very large detached house of 190m², built sometime between 1991 and 1995, which could now be worth an estimated £522,614. It was last sold for £420,000 in June 2020, which was around 28% above the average June 2020 detached price in the Isle of Wight local authority area. The most recent EPC inspection was September 2019, where the current energy rating was D, and the potential energy rating was C.

7 SOVEREIGN WAY Sold Prices

Land registry data shows three sales for 7 SOVEREIGN WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. All of the three 7 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
2020 22 JUN	£420,000	£327,180	28% above HPI
2002 26 JUL	£280,000	£164,211	71% above HPI
1999 9 FEB	£130,000	£89,997	44% above HPI

7 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 three 7 SOVEREIGN WAY sales between February 1999 and June 2020 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 2002 sale was for 71% above the HPI. So the extrapolation line tracks at 71% above the HPI over time, until the June 2020 sale, where it falls to 28% above the HPI. The line then continues to track at 28% above the HPI.

What might 7 SOVEREIGN WAY be worth now?

7 SOVEREIGN WAY might now be worth an estimated £522,614.

This is based on house price inflation of 24.4%, between June 2020 and February 2025, for detached houses, in the Isle of Wight local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 24.4% inflationary increase is applied to the most recent sale price for 7 SOVEREIGN WAY of £420,000 on 22nd June 2020. For the value to have increased from £420,000 to £522,614 over the five years and four months to February 2025, the following assumptions must hold true:

• The value of 7 SOVEREIGN WAY has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The June 2020 sale price of £420,000 represented a fair market value for the property.
• The size, condition, and specification of 7 SOVEREIGN WAY has not materially changed since June 2020.

How Large is 7 SOVEREIGN WAY?

7 SOVEREIGN WAY is 190m² according to the EPC inspection conducted in September 2019. This puts it in the largest 10% of detached houses houses in Ryde, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ryde, and where 7 SOVEREIGN WAY lies on this distribution: 91% of detached houses houses are smaller than 7 SOVEREIGN WAY, and 9% of houses are larger. Note that EPC data is not available for all properties in Ryde.

7 SOVEREIGN WAY: Plot and Title Map

7 SOVEREIGN WAY sits on a plot of roughly 0.138 of an acre, or 560m². The below map shows the location of 7 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 7 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 7 SOVEREIGN WAY?

7 SOVEREIGN WAY is located in RYDE, in the PO33 postcode district. The below map shows the position of No. 7 on SOVEREIGN WAY.