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

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.

MARYLANDS is a small extended detached house of 105m², built sometime between 1983 and 1990, which could now be worth an estimated £538,643. It was last sold for £550,000 in October 2023, which was around 32% 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	£415,700	32% above HPI
2013 10 APR	£205,000	£238,225	14% 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 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the October 2023 sale, where it rises to 32% above the HPI. The line then continues to track at 32% above the HPI.

What might MARYLANDS be worth now?

MARYLANDS might now be worth an estimated £538,643.

This is based on house price deflation of 2.1%, between October 2023 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 2.1% deflationary decrease is applied to the most recent sale price for MARYLANDS of £550,000 on 20th October 2023. For the value to have decreased from £550,000 to £538,643 over the two years and eight months to February 2025, the following assumptions must hold true:

• The value of MARYLANDS has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The October 2023 sale price of £550,000 represented a fair market value for the property.
• The size, condition, and specification of MARYLANDS has not materially changed since October 2023.

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 houses in Shorwell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Shorwell, and where MARYLANDS lies on this distribution: 38% of detached houses houses are smaller than MARYLANDS, and 63% 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 642m². 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.