PACKWAYS, GALLEY LANE, BRIGHSTONE, NEWPORT, PO30 4BS - £475,000

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.

PACKWAYS is a very large extended detached house of 166m², built sometime between 1950 and 1966, which could now be worth an estimated £660,271. It was last sold for £475,000 in March 2017, which was around 62% above the average March 2017 detached price in the Isle of Wight local authority area. The most recent EPC inspection was September 2016, where the current energy rating was D, and the potential energy rating was B.

PACKWAYS Sold Prices

Land registry data shows two sales for PACKWAYS 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 PACKWAYS 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
2017 9 MAR	£475,000	£292,880	62% above HPI
2008 2 DEC	£420,000	£245,193	71% above HPI

PACKWAYS 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 PACKWAYS sales from December 2008 and March 2017 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 2008 sale was for 71% above the HPI. So the extrapolation line tracks at 71% above the HPI over time, until the March 2017 sale, where it falls to 62% above the HPI. The line then continues to track at 62% above the HPI.

What might PACKWAYS be worth now?

PACKWAYS might now be worth an estimated £660,271.

This is based on house price inflation of 39%, between March 2017 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 39% inflationary increase is applied to the most recent sale price for PACKWAYS of £475,000 on 9th March 2017. For the value to have increased from £475,000 to £660,271 over the eight years and one month to February 2025, the following assumptions must hold true:

• The value of PACKWAYS has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The March 2017 sale price of £475,000 represented a fair market value for the property.
• The size, condition, and specification of PACKWAYS has not materially changed since March 2017.

How Large is PACKWAYS?

PACKWAYS is 166m², which includes three extensions, according to the EPC inspection conducted in September 2016. This puts it in the largest 20% of detached houses houses in Brighstone, based on EPC data. The below chart shows the distribution of detached houses houses by size in Brighstone, and where PACKWAYS lies on this distribution: 89% of detached houses houses are smaller than PACKWAYS, and 11% of houses are larger. Note that EPC data is not available for all properties in Brighstone.

PACKWAYS: Plot and Title Map

PACKWAYS sits on a plot of roughly 0.241 of an acre, or 977m². The below map shows the location of PACKWAYS, 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 PACKWAYS). 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 PACKWAYS?

PACKWAYS is located on GALLEY LANE in BRIGHSTONE, in the PO30 postcode district. The below map shows the position of PACKWAYS on GALLEY LANE.