2, THE SHEILINGS, FRESHWATER, PO40 9LL - £222,500

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

2 THE SHEILINGS is a very small detached house of 75m², built sometime between 1967 and 1975. It was last sold for £222,500 in December 2014, which was around 18% below the average December 2014 detached price in the Isle of Wight local authority area. The most recent EPC inspection was September 2014, where the current energy rating was D, and the potential energy rating was B.

2 THE SHEILINGS Sold Prices

Land registry data shows three sales for 2 THE SHEILINGS 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 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
2014 5 DEC	£222,500	£269,910	18% below HPI
2004 17 MAR	£154,000	£210,671	27% below HPI
1997 2 MAY	£69,000	£76,595	10% below HPI

2 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 three 2 THE SHEILINGS sales between May 1997 and December 2014 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 March 2004 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the December 2014 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 2 THE SHEILINGS?

2 THE SHEILINGS is 75m² according to the EPC inspection conducted in September 2014. This puts it in the smallest 10% of detached houses in Colwell, based on EPC data. The below chart shows the distribution of detached houses by size in Colwell, and where 2 THE SHEILINGS lies on this distribution: 7% of detached houses are smaller than 2 THE SHEILINGS, and 93% of houses are larger. Note that EPC data is not available for all properties in Colwell.

2 THE SHEILINGS: Plot and Title Map

2 THE SHEILINGS sits on a plot of roughly 0.110 of an acre, or 447m². The below map shows the location of 2 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 2 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 2 THE SHEILINGS?

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