16, THE SHEILINGS, FRESHWATER, PO40 9LL - £260,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

16 THE SHEILINGS is a midsized detached house of 118m², built sometime between 1967 and 1975. It was last sold for £260,000 in October 2007, which was around 5% below the average October 2007 detached price in the Isle of Wight local authority area. The most recent EPC inspection was February 2023, where the current energy rating was D, and the potential energy rating was C.

16 THE SHEILINGS Sold Prices

Land registry data shows two sales for 16 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. Both of the two 16 THE SHEILINGS 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
2007 31 OCT	£260,000	£273,234	5% below HPI
2005 29 JUN	£184,000	£233,958	21% below HPI

16 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 16 THE SHEILINGS sales from June 2005 and October 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 June 2005 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the October 2007 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 16 THE SHEILINGS?

16 THE SHEILINGS is 118m² according to the EPC inspection conducted in February 2023. This puts it in the largest 50% of detached houses in Colwell, based on EPC data. The below chart shows the distribution of detached houses by size in Colwell, and where 16 THE SHEILINGS lies on this distribution: 52% of detached houses are smaller than 16 THE SHEILINGS, and 48% of houses are larger. Note that EPC data is not available for all properties in Colwell.

16 THE SHEILINGS: Plot and Title Map

16 THE SHEILINGS sits on a plot of roughly 0.112 of an acre, or 455m². The below map shows the location of 16 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 16 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 16 THE SHEILINGS?

16 THE SHEILINGS is located in FRESHWATER, in the PO40 postcode district. The below map shows the position of No. 16 on THE SHEILINGS.