15, THE SHEILINGS, FRESHWATER, PO40 9LL - £280,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

15 THE SHEILINGS is a midsized extended detached house of 112m², built sometime between 1983 and 1990, which could now be worth an estimated £451,180. It was last sold for £280,000 in January 2007, which was around 11% above the average January 2007 detached price in the Isle of Wight local authority area. The most recent EPC inspection was November 2022, where the current energy rating was D, and the potential energy rating was B.

15 THE SHEILINGS Sold Prices

Land registry data shows two sales for 15 THE SHEILINGS 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. One of the two 15 THE SHEILINGS sales was for above the average price, whilst the other was 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
2007 26 JAN	£280,000	£252,654	11% above HPI
2006 30 JAN	£200,000	£232,420	14% below HPI

15 THE SHEILINGS 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 15 THE SHEILINGS sales from January 2006 and January 2007 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 January 2006 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the January 2007 sale, where it rises to 11% above the HPI. The line then continues to track at 11% above the HPI.

What might 15 THE SHEILINGS be worth now?

15 THE SHEILINGS might now be worth an estimated £451,180.

This is based on house price inflation of 61.1%, between January 2007 and February 2025, for detached houses, in the Isle of Wight local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 61.1% inflationary increase is applied to the most recent sale price for 15 THE SHEILINGS of £280,000 on 26th January 2007. For the value to have increased from £280,000 to £451,180 over the seventeen years and eleven months to February 2025, the following assumptions must hold true:

• The value of 15 THE SHEILINGS has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The January 2007 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of 15 THE SHEILINGS has not materially changed since January 2007.

How Large is 15 THE SHEILINGS?

15 THE SHEILINGS is 112m², which includes one extension, according to the EPC inspection conducted in November 2022. This puts it in the smallest 50% of detached houses houses in Colwell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Colwell, and where 15 THE SHEILINGS lies on this distribution: 49% of detached houses houses are smaller than 15 THE SHEILINGS, and 51% of houses are larger. Note that EPC data is not available for all properties in Colwell.

15 THE SHEILINGS: Plot and Title Map

15 THE SHEILINGS sits on a plot of roughly 0.136 of an acre, or 551m². The below map shows the location of 15 THE SHEILINGS, 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 15 THE SHEILINGS). 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 15 THE SHEILINGS?

15 THE SHEILINGS is located in FRESHWATER, in the PO40 postcode district. The below map shows the position of No. 15 on THE SHEILINGS.