8, SOVEREIGN WAY, RYDE, PO33 3DL - £413,000

8 SOVEREIGN WAY is a very large extended detached house of 146m², built sometime between 1996 and 2002. It was last sold for £413,000 in March 2021, which was around 13% above the average March 2021 detached price in the Isle of Wight local authority area. The most recent EPC inspection was July 2020, where the current energy rating was C, and the potential energy rating was C.

8 SOVEREIGN WAY Sold Prices

Land registry data shows two sales for 8 SOVEREIGN WAY 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 8 SOVEREIGN WAY sales were for above 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 19 MAR	£413,000	£364,254	13% above HPI
1998 10 MAR	£110,000	£82,325	34% above HPI

8 SOVEREIGN WAY 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 8 SOVEREIGN WAY sales from March 1998 and March 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 March 1998 sale was for 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the March 2021 sale, where it falls to 13% above the HPI. The line then continues to track at 13% above the HPI.

How Large is 8 SOVEREIGN WAY?

8 SOVEREIGN WAY is 146m², which includes one extension, according to the EPC inspection conducted in July 2020. This puts it in the largest 20% of detached houses in Ryde, based on EPC data. The below chart shows the distribution of detached houses by size in Ryde, and where 8 SOVEREIGN WAY lies on this distribution: 81% of detached houses are smaller than 8 SOVEREIGN WAY, and 18% of houses are larger. Note that EPC data is not available for all properties in Ryde.

8 SOVEREIGN WAY: Plot and Title Map

8 SOVEREIGN WAY sits on a plot of roughly 0.100 of an acre, or 404m². The below map shows the location of 8 SOVEREIGN WAY, 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 8 SOVEREIGN WAY). 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 8 SOVEREIGN WAY?

8 SOVEREIGN WAY is located in RYDE, in the PO33 postcode district. The below map shows the position of No. 8 on SOVEREIGN WAY.