8, FOREST WAY, WINFORD, SANDOWN, PO36 0JN - £232,000

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

8 FOREST WAY is a very small extended detached house of 74m², built sometime between 1976 and 1982. It was last sold for £232,000 in July 2018, which was around 26% below the average July 2018 detached price in the Isle of Wight local authority area. The most recent EPC inspection was April 2017, where the current energy rating was D, and the potential energy rating was B.

8 FOREST WAY Sold Prices

Land registry data shows four sales for 8 FOREST 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 8 FOREST WAY 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
2018 12 JUL	£232,000	£312,782	26% below HPI
2017 21 JUL	£232,500	£301,332	23% below HPI
2007 22 AUG	£184,000	£263,269	30% below HPI
2002 19 JUL	£125,000	£167,707	25% below HPI

8 FOREST 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 8 FOREST WAY sales between July 2002 and July 2018 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 2017 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the July 2018 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 8 FOREST WAY?

8 FOREST WAY is 74m², which includes one extension, according to the EPC inspection conducted in April 2017. This puts it in the smallest 20% of detached houses in Winford, based on EPC data. The below chart shows the distribution of detached houses by size in Winford, and where 8 FOREST WAY lies on this distribution: 13% of detached houses are smaller than 8 FOREST WAY, and 86% of houses are larger. Note that EPC data is not available for all properties in Winford.

8 FOREST WAY: Plot and Title Map

8 FOREST WAY sits on a plot of roughly 0.091 of an acre, or 370m². The below map shows the location of 8 FOREST 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 8 FOREST 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 8 FOREST WAY?

8 FOREST WAY is located in WINFORD, in the PO36 postcode district. The below map shows the position of No. 8 on FOREST WAY.