12, PARKWAY, FRESHWATER, PO40 9DQ - £260,000

12 PARKWAY is a small extended detached house of 82m², built sometime between 1967 and 1975. It was last sold for £260,000 in January 2019, which was around 20% below the average January 2019 detached price in the Isle of Wight local authority area. The most recent EPC inspection was March 2018, where the current energy rating was D, and the potential energy rating was C.

12 PARKWAY Sold Prices

Land registry data shows three sales for 12 PARKWAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. All of the three 12 PARKWAY 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
2019 25 JAN	£260,000	£326,544	20% below HPI
1998 23 JUL	£68,000	£88,381	23% below HPI
1996 9 FEB	£51,000	£71,641	29% below HPI

12 PARKWAY 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 three 12 PARKWAY sales between February 1996 and January 2019 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 1998 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the January 2019 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 12 PARKWAY?

12 PARKWAY is 82m², which includes two extensions, according to the EPC inspection conducted in March 2018. This puts it in the smallest 40% of detached houses in Freshwater, based on EPC data. The below chart shows the distribution of detached houses by size in Freshwater, and where 12 PARKWAY lies on this distribution: 35% of detached houses are smaller than 12 PARKWAY, and 65% of houses are larger. Note that EPC data is not available for all properties in Freshwater.

12 PARKWAY: Plot and Title Map

12 PARKWAY sits on a plot of roughly 0.127 of an acre, or 515m². The below map shows the location of 12 PARKWAY, 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 12 PARKWAY). 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 12 PARKWAY?

12 PARKWAY is located in FRESHWATER, in the PO40 postcode district. The below map shows the position of No. 12 on PARKWAY.