2 THE CEDARS, MADEIRA LANE, FRESHWATER, PO40 9SP - £565,000

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.

2 THE CEDARS MADEIRA LANE is a large detached house of 169m², built sometime between 2003 and 2006, which could now be worth an estimated £590,898. It was last sold for £565,000 in June 2024, which was around 45% above the average June 2024 detached price in the Isle of Wight local authority area. The most recent EPC inspection was October 2023, where the current energy rating was C, and the potential energy rating was C.

2 THE CEDARS MADEIRA LANE Sold Prices

Land registry data shows two sales for 2 THE CEDARS MADEIRA LANE 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 2 THE CEDARS MADEIRA LANE 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
2024 28 JUN	£565,000	£389,273	45% above HPI
2009 29 SEP	£325,000	£236,323	38% above HPI

2 THE CEDARS MADEIRA LANE 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 2 THE CEDARS MADEIRA LANE sales from September 2009 and June 2024 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 September 2009 sale was for 38% above the HPI. So the extrapolation line tracks at 38% above the HPI over time, until the June 2024 sale, where it rises to 45% above the HPI. The line then continues to track at 45% above the HPI.

What might 2 THE CEDARS MADEIRA LANE be worth now?

2 THE CEDARS MADEIRA LANE might now be worth an estimated £590,898.

This is based on house price inflation of 4.6%, between June 2024 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 4.6% inflationary increase is applied to the most recent sale price for 2 THE CEDARS MADEIRA LANE of £565,000 on 28th June 2024. For the value to have increased from £565,000 to £590,898 over the one year and four months to February 2025, the following assumptions must hold true:

• The value of 2 THE CEDARS MADEIRA LANE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The June 2024 sale price of £565,000 represented a fair market value for the property.
• The size, condition, and specification of 2 THE CEDARS MADEIRA LANE has not materially changed since June 2024.

How Large is 2 THE CEDARS MADEIRA LANE?

2 THE CEDARS MADEIRA LANE is 169m² according to the EPC inspection conducted in October 2023. This puts it in the largest 30% 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 2 THE CEDARS MADEIRA LANE lies on this distribution: 80% of detached houses houses are smaller than 2 THE CEDARS MADEIRA LANE, and 20% of houses are larger. Note that EPC data is not available for all properties in Colwell.

2 THE CEDARS MADEIRA LANE: Plot and Title Map

2 THE CEDARS MADEIRA LANE sits on a plot of roughly 0.145 of an acre, or 585m². The below map shows the location of 2 THE CEDARS MADEIRA LANE, 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 2 THE CEDARS MADEIRA LANE). 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 2 THE CEDARS MADEIRA LANE?

2 THE CEDARS MADEIRA LANE is located in FRESHWATER, in the PO40 postcode district. The below map shows the position of No. 2 THE CEDARS on MADEIRA LANE.