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

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.

16 THE SHEILINGS is a midsized detached house of 118m², built sometime between 1967 and 1975, which could now be worth an estimated £395,644. It was last sold for £260,000 in October 2007, which was around 3% 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	£267,539	3% below HPI
2005 29 JUN	£184,000	£229,081	20% 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 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the October 2007 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 16 THE SHEILINGS be worth now?

16 THE SHEILINGS might now be worth an estimated £395,644.

This is based on house price inflation of 52.2%, between October 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 52.2% inflationary increase is applied to the most recent sale price for 16 THE SHEILINGS of £260,000 on 31st October 2007. For the value to have increased from £260,000 to £395,644 over the eighteen years and eight months to February 2025, the following assumptions must hold true:

• The value of 16 THE SHEILINGS has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The October 2007 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of 16 THE SHEILINGS has not materially changed since October 2007.

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 houses in Colwell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Colwell, and where 16 THE SHEILINGS lies on this distribution: 52% of detached houses 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.