9, SOVEREIGN WAY, RYDE, PO33 3DL - £306,000

9 SOVEREIGN WAY is a midsized extended detached house of 111m², built sometime between 1996 and 2002. It was last sold for £306,000 in June 2014, which was around 13% above the average June 2014 detached price in the Isle of Wight local authority area. The most recent EPC inspection was February 2020, where the current energy rating was D, and the potential energy rating was C.

9 SOVEREIGN WAY Sold Prices

Land registry data shows four sales for 9 SOVEREIGN WAY 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 9 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
2014 27 JUN	£306,000	£271,939	13% above HPI
2011 19 DEC	£285,000	£253,640	12% above HPI
2011 17 JAN	£250,000	£256,818	3% below HPI
1998 27 MAR	£103,500	£82,325	26% above HPI

9 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 four 9 SOVEREIGN WAY sales between March 1998 and June 2014 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 2011 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the June 2014 sale, where it rises to 13% above the HPI. The line then continues to track at 13% above the HPI.

How Large is 9 SOVEREIGN WAY?

9 SOVEREIGN WAY is 111m², which includes one extension, according to the EPC inspection conducted in February 2020. This puts it in the largest 50% of detached houses in Ryde, based on EPC data. The below chart shows the distribution of detached houses by size in Ryde, and where 9 SOVEREIGN WAY lies on this distribution: 55% of detached houses are smaller than 9 SOVEREIGN WAY, and 44% of houses are larger. Note that EPC data is not available for all properties in Ryde.

9 SOVEREIGN WAY: Plot and Title Map

9 SOVEREIGN WAY sits on a plot of roughly 0.074 of an acre, or 300m². The below map shows the location of 9 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 9 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 9 SOVEREIGN WAY?

9 SOVEREIGN WAY is located in RYDE, in the PO33 postcode district. The below map shows the position of No. 9 on SOVEREIGN WAY.