8, NORMAN WAY, WOOTTON BRIDGE, RYDE, PO33 4NJ - £300,000

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 NORMAN WAY is a small detached house of 78m², built sometime between 1967 and 1975. It was last sold for £300,000 in January 2021, which was around 18% below the average January 2021 detached price in the Isle of Wight local authority area. The most recent EPC inspection was September 2012, where the current energy rating was C, and the potential energy rating was B.

8 NORMAN WAY Sold Prices

Land registry data shows two sales for 8 NORMAN WAY 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 8 NORMAN 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
2021 14 JAN	£300,000	£366,659	18% below HPI
2012 3 DEC	£180,000	£247,284	27% below HPI

8 NORMAN 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 two 8 NORMAN WAY sales from December 2012 and January 2021 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 December 2012 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the January 2021 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 8 NORMAN WAY?

8 NORMAN WAY is 78m² according to the EPC inspection conducted in September 2012. This puts it in the smallest 30% of detached houses in Wootton, based on EPC data. The below chart shows the distribution of detached houses by size in Wootton, and where 8 NORMAN WAY lies on this distribution: 24% of detached houses are smaller than 8 NORMAN WAY, and 75% of houses are larger. Note that EPC data is not available for all properties in Wootton.

8 NORMAN WAY: Plot and Title Map

8 NORMAN WAY sits on a plot of roughly 0.107 of an acre, or 432m². The below map shows the location of 8 NORMAN 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 NORMAN 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 NORMAN WAY?

8 NORMAN WAY is located in WOOTTON BRIDGE, in the PO33 postcode district. The below map shows the position of No. 8 on NORMAN WAY.