MARYLANDS, SANDY WAY, SHORWELL, NEWPORT, PO30 3LN - £550,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

MARYLANDS is a small extended detached house of 105m², built sometime between 1983 and 1990. It was last sold for £550,000 in October 2023, which was around 30% above the average October 2023 detached price in the Isle of Wight local authority area. The most recent EPC inspection was May 2022, where the current energy rating was D, and the potential energy rating was C.

MARYLANDS Sold Prices

Land registry data shows two sales for MARYLANDS 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. One of the two MARYLANDS sales was for above the average price, whilst the other was 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
2023 20 OCT	£550,000	£422,801	30% above HPI
2013 10 APR	£205,000	£243,296	16% below HPI

MARYLANDS 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 MARYLANDS sales from April 2013 and October 2023 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 April 2013 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the October 2023 sale, where it rises to 30% above the HPI. The line then continues to track at 30% above the HPI.

How Large is MARYLANDS?

MARYLANDS is 105m², which includes two extensions, according to the EPC inspection conducted in May 2022. This puts it in the smallest 40% of detached houses in Shorwell, based on EPC data. The below chart shows the distribution of detached houses by size in Shorwell, and where MARYLANDS lies on this distribution: 38% of detached houses are smaller than MARYLANDS, and 62% of houses are larger. Note that EPC data is not available for all properties in Shorwell.

MARYLANDS: Plot and Title Map

MARYLANDS sits on a plot of roughly 0.159 of an acre, or 645m². The below map shows the location of MARYLANDS, 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 MARYLANDS). 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 MARYLANDS?

MARYLANDS is located on SANDY WAY in SHORWELL, in the PO30 postcode district. The below map shows the position of MARYLANDS on SANDY WAY.