7, THE SHEILINGS, FRESHWATER, PO40 9LL - £244,000

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

7 THE SHEILINGS is a very small detached house of 89m², built sometime between 1950 and 1966. It was last sold for £244,000 in December 2015, which was around 15% below the average December 2015 detached price in the Isle of Wight local authority area. The most recent EPC inspection was October 2013, where the current energy rating was E, and the potential energy rating was B.

7 THE SHEILINGS Sold Prices

Land registry data shows two sales for 7 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 7 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
2015 9 DEC	£244,000	£286,657	15% below HPI
2004 19 JAN	£178,500	£209,766	15% below HPI

7 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 7 THE SHEILINGS sales from January 2004 and December 2015 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 January 2004 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the December 2015 sale, which was also at 15% below the HPI.

How Large is 7 THE SHEILINGS?

7 THE SHEILINGS is 89m² according to the EPC inspection conducted in October 2013. This puts it in the smallest 20% of detached houses in Colwell, based on EPC data. The below chart shows the distribution of detached houses by size in Colwell, and where 7 THE SHEILINGS lies on this distribution: 20% of detached houses are smaller than 7 THE SHEILINGS, and 79% of houses are larger. Note that EPC data is not available for all properties in Colwell.

7 THE SHEILINGS: Plot and Title Map

7 THE SHEILINGS sits on a plot of roughly 0.145 of an acre, or 586m². The below map shows the location of 7 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 7 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 7 THE SHEILINGS?

7 THE SHEILINGS is located in FRESHWATER, in the PO40 postcode district. The below map shows the position of No. 7 on THE SHEILINGS.