WESTWAY, QUEENS ROAD, FRESHWATER, PO40 9PF - £415,000

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

WESTWAY is a small detached house of 76m², built sometime between 1950 and 1966. It was last sold for £415,000 in April 2022, which was around 1% above the average April 2022 detached price in the Isle of Wight local authority area. The most recent EPC inspection was October 2012, where the current energy rating was E, and the potential energy rating was B.

WESTWAY Sold Prices

Land registry data shows four sales for WESTWAY 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. Most of the four WESTWAY 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
2022 1 APR	£415,000	£409,792	1% above HPI
2002 11 JUL	£165,000	£167,707	2% below HPI
2000 1 DEC	£130,000	£131,743	1% below HPI
1996 4 SEP	£64,500	£71,831	10% below HPI

WESTWAY 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 WESTWAY sales between September 1996 and April 2022 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 July 2002 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the April 2022 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

How Large is WESTWAY?

WESTWAY is 76m² according to the EPC inspection conducted in October 2012. This puts it in the smallest 30% of detached houses in Freshwater, based on EPC data. The below chart shows the distribution of detached houses by size in Freshwater, and where WESTWAY lies on this distribution: 28% of detached houses are smaller than WESTWAY, and 72% of houses are larger. Note that EPC data is not available for all properties in Freshwater.

WESTWAY: Plot and Title Map

WESTWAY sits on a plot of roughly 0.113 of an acre, or 458m². The below map shows the location of WESTWAY, 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 WESTWAY). 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 WESTWAY?

WESTWAY is located on QUEENS ROAD in FRESHWATER, in the PO40 postcode district. The below map shows the position of WESTWAY on QUEENS ROAD.