12, MILLWAYS, FRESHWATER, PO40 9SF - £310,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

12 MILLWAYS is a very large detached house of 145m², built sometime from 2007 onwards. It was last sold for £310,000 in February 2012, which was around 26% above the average February 2012 detached price in the Isle of Wight local authority area. The most recent EPC inspection was June 2010, where the current energy rating was C, and the potential energy rating was B.

12 MILLWAYS Sold Prices

Land registry data shows two sales for 12 MILLWAYS 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 12 MILLWAYS 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
2012 29 FEB	£310,000	£246,754	26% above HPI
2007 30 NOV	£345,000	£276,229	25% above HPI

12 MILLWAYS 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 12 MILLWAYS sales from November 2007 and February 2012 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 November 2007 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the February 2012 sale, where it rises to 26% above the HPI. The line then continues to track at 26% above the HPI.

How Large is 12 MILLWAYS?

12 MILLWAYS is 145m² according to the EPC inspection conducted in June 2010. This puts it in the largest 20% 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 MILLWAYS lies on this distribution: 84% of detached houses are smaller than 12 MILLWAYS, and 16% of houses are larger. Note that EPC data is not available for all properties in Freshwater.

12 MILLWAYS: Plot and Title Map

12 MILLWAYS sits on a plot of roughly 0.130 of an acre, or 525m². The below map shows the location of 12 MILLWAYS, 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 MILLWAYS). 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 MILLWAYS?

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