SUNWAYS, CLEVELANDS ROAD, WROXALL, VENTNOR, PO38 3DZ - £345,000

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.

SUNWAYS is a very small detached house of 67m², built sometime between 1967 and 1975, which could now be worth an estimated £332,259. It was last sold for £345,000 in February 2023, which was around 18% below the average February 2023 detached price in the Isle of Wight local authority area. The most recent EPC inspection was February 2022, where the current energy rating was E, and the potential energy rating was C.

SUNWAYS Sold Prices

Land registry data shows four sales for SUNWAYS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. All of the four SUNWAYS 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
2023 28 FEB	£345,000	£422,728	18% below HPI
2022 23 MAY	£245,000	£408,040	40% below HPI
2007 9 FEB	£230,000	£250,704	8% below HPI
2006 12 MAY	£160,000	£241,151	34% below HPI

SUNWAYS 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 four SUNWAYS sales between May 2006 and February 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 May 2022 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the February 2023 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might SUNWAYS be worth now?

SUNWAYS might now be worth an estimated £332,259.

This is based on house price deflation of 3.7%, between February 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 3.7% deflationary decrease is applied to the most recent sale price for SUNWAYS of £345,000 on 28th February 2023. For the value to have decreased from £345,000 to £332,259 over the two years to February 2025, the following assumptions must hold true:

• The value of SUNWAYS has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The February 2023 sale price of £345,000 represented a fair market value for the property.
• The size, condition, and specification of SUNWAYS has not materially changed since February 2023.

How Large is SUNWAYS?

SUNWAYS is 67m² according to the EPC inspection conducted in February 2022. This puts it in the smallest 20% of detached houses houses in Wroxall, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wroxall, and where SUNWAYS lies on this distribution: 11% of detached houses houses are smaller than SUNWAYS, and 89% of houses are larger. Note that EPC data is not available for all properties in Wroxall.

SUNWAYS: Plot and Title Map

SUNWAYS sits on a plot of roughly 0.109 of an acre, or 441m². The below map shows the location of SUNWAYS, 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 SUNWAYS). 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 SUNWAYS?

SUNWAYS is located on CLEVELANDS ROAD in WROXALL, in the PO38 postcode district. The below map shows the position of SUNWAYS on CLEVELANDS ROAD.