4, PARKWAY, FRESHWATER, PO40 9DQ - £220,000

4 PARKWAY is a very small detached house of 54m², built sometime between 1967 and 1975. It was last sold for £220,000 in September 2019, which was around 32% below the average September 2019 detached price in the Isle of Wight local authority area. The most recent EPC inspection was May 2019, where the current energy rating was D, and the potential energy rating was B.

4 PARKWAY Sold Prices

Land registry data shows two sales for 4 PARKWAY 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 4 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 12 SEP	£220,000	£324,960	32% below HPI
1996 12 DEC	£55,500	£71,212	22% below HPI

4 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 two 4 PARKWAY sales from December 1996 and September 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 December 1996 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the September 2019 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 4 PARKWAY?

4 PARKWAY is 54m² according to the EPC inspection conducted in May 2019. This puts it in the smallest 10% of detached houses in Freshwater, based on EPC data. The below chart shows the distribution of detached houses by size in Freshwater, and where 4 PARKWAY lies on this distribution: 3% of detached houses are smaller than 4 PARKWAY, and 97% of houses are larger. Note that EPC data is not available for all properties in Freshwater.

4 PARKWAY: Plot and Title Map

4 PARKWAY sits on a plot of roughly 0.103 of an acre, or 418m². The below map shows the location of 4 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 4 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 4 PARKWAY?

4 PARKWAY is located in FRESHWATER, in the PO40 postcode district. The below map shows the position of No. 4 on PARKWAY.