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

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

SUNWAYS is a very small detached house of 67m², built sometime between 1967 and 1975. It was last sold for £345,000 in February 2023, which was around 20% 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	£431,728	20% below HPI
2022 23 MAY	£245,000	£416,726	41% below HPI
2007 9 FEB	£230,000	£256,041	10% below HPI
2006 12 MAY	£160,000	£246,285	35% 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 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the February 2023 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

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 in Wroxall, based on EPC data. The below chart shows the distribution of detached houses by size in Wroxall, and where SUNWAYS lies on this distribution: 11% of detached 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.