2, THE NURSERIES, FRESHWATER, PO40 9FG - £475,000

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 NURSERIES is a large detached house of 111m², built sometime between 2003 and 2006, which could now be worth an estimated £490,376. It was last sold for £475,000 in March 2024, which was around 20% above the average March 2024 detached price in the Isle of Wight local authority area. The most recent EPC inspection was May 2014, where the current energy rating was C, and the potential energy rating was B.

2 THE NURSERIES Sold Prices

Land registry data shows three sales for 2 THE NURSERIES since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. All of the three 2 THE NURSERIES 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 5 MAR	£475,000	£394,351	20% above HPI
2018 20 SEP	£374,000	£311,582	20% above HPI
2005 16 DEC	£295,000	£234,411	26% above HPI

2 THE NURSERIES 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 three 2 THE NURSERIES sales between December 2005 and March 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 2018 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the March 2024 sale, which was also at 20% above the HPI.

What might 2 THE NURSERIES be worth now?

2 THE NURSERIES might now be worth an estimated £490,376.

This is based on house price inflation of 3.2%, between March 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 3.2% inflationary increase is applied to the most recent sale price for 2 THE NURSERIES of £475,000 on 5th March 2024. For the value to have increased from £475,000 to £490,376 over the one year and one month to February 2025, the following assumptions must hold true:

• The value of 2 THE NURSERIES has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The March 2024 sale price of £475,000 represented a fair market value for the property.
• The size, condition, and specification of 2 THE NURSERIES has not materially changed since March 2024.

How Large is 2 THE NURSERIES?

2 THE NURSERIES is 111m² according to the EPC inspection conducted in May 2014. This puts it in the largest 40% of detached houses houses in Freshwater, based on EPC data. The below chart shows the distribution of detached houses houses by size in Freshwater, and where 2 THE NURSERIES lies on this distribution: 63% of detached houses houses are smaller than 2 THE NURSERIES, and 36% of houses are larger. Note that EPC data is not available for all properties in Freshwater.

2 THE NURSERIES: Plot and Title Map

2 THE NURSERIES sits on a plot of roughly 0.113 of an acre, or 459m². The below map shows the location of 2 THE NURSERIES, 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 NURSERIES). 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 NURSERIES?

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