MEADOWBANK, SANDY WAY, SHORWELL, NEWPORT, PO30 3LN - £495,000

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.

MEADOWBANK is a midsized extended detached house of 129m², built sometime between 1967 and 1975, which could now be worth an estimated £489,809. It was last sold for £495,000 in January 2024, which was around 20% above the average January 2024 detached price in the Isle of Wight local authority area. The most recent EPC inspection was May 2021, where the current energy rating was E, and the potential energy rating was B.

MEADOWBANK Sold Prices

Land registry data shows two sales for MEADOWBANK 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 MEADOWBANK 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
2024 16 JAN	£495,000	£411,431	20% above HPI
1995 22 AUG	£89,000	£68,400	30% above HPI

MEADOWBANK 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 MEADOWBANK sales from August 1995 and January 2024 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 August 1995 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the January 2024 sale, where it falls to 20% above the HPI. The line then continues to track at 20% above the HPI.

What might MEADOWBANK be worth now?

MEADOWBANK might now be worth an estimated £489,809.

This is based on house price deflation of 1%, between January 2024 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 1% deflationary decrease is applied to the most recent sale price for MEADOWBANK of £495,000 on 16th January 2024. For the value to have decreased from £495,000 to £489,809 over the eleven months to February 2025, the following assumptions must hold true:

• The value of MEADOWBANK has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The January 2024 sale price of £495,000 represented a fair market value for the property.
• The size, condition, and specification of MEADOWBANK has not materially changed since January 2024.

How Large is MEADOWBANK?

MEADOWBANK is 129m², which includes one extension, according to the EPC inspection conducted in May 2021. This puts it in the largest 50% 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 MEADOWBANK lies on this distribution: 59% of detached houses houses are smaller than MEADOWBANK, and 41% of houses are larger. Note that EPC data is not available for all properties in Shorwell.

MEADOWBANK: Plot and Title Map

MEADOWBANK sits on a plot of roughly 0.132 of an acre, or 534m². The below map shows the location of MEADOWBANK, 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 MEADOWBANK). 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 MEADOWBANK?

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