55, PARKWAY, FRESHWATER, PO40 9DH - £301,000

55 PARKWAY is a small extended detached house of 81m², built sometime between 1967 and 1975. It was last sold for £301,000 in May 2021, which was around 18% below the average May 2021 detached price in the Isle of Wight local authority area. The most recent EPC inspection was November 2020, where the current energy rating was D, and the potential energy rating was B.

55 PARKWAY Sold Prices

Land registry data shows three sales for 55 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 55 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
2021 6 MAY	£301,000	£365,654	18% below HPI
2006 9 JUN	£180,000	£246,936	27% below HPI
2000 31 OCT	£110,000	£127,735	14% below HPI

55 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 55 PARKWAY sales between October 2000 and May 2021 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 June 2006 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the May 2021 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 55 PARKWAY?

55 PARKWAY is 81m², which includes one extension, according to the EPC inspection conducted in November 2020. 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 55 PARKWAY lies on this distribution: 34% of detached houses are smaller than 55 PARKWAY, and 66% of houses are larger. Note that EPC data is not available for all properties in Freshwater.

55 PARKWAY: Plot and Title Map

55 PARKWAY sits on a plot of roughly 0.081 of an acre, or 328m². The below map shows the location of 55 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 55 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 55 PARKWAY?

55 PARKWAY is located in FRESHWATER, in the PO40 postcode district. The below map shows the position of No. 55 on PARKWAY.