8, THE SHEILINGS, FRESHWATER, PO40 9LL - £228,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

8 THE SHEILINGS is a very small detached house of 78m², built sometime between 1967 and 1975. It was last sold for £228,000 in December 2015, which was around 20% below the average December 2015 detached price in the Isle of Wight local authority area. The most recent EPC inspection was November 2016, where the current energy rating was E, and the potential energy rating was B.

8 THE SHEILINGS Sold Prices

Land registry data shows three sales for 8 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 8 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	£228,000	£286,657	20% below HPI
2003 11 FEB	£150,000	£185,490	19% below HPI
1996 29 AUG	£69,500	£70,804	2% below HPI

8 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 8 THE SHEILINGS sales between August 1996 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 February 2003 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the December 2015 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 8 THE SHEILINGS?

8 THE SHEILINGS is 78m² according to the EPC inspection conducted in November 2016. 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 8 THE SHEILINGS lies on this distribution: 11% of detached houses are smaller than 8 THE SHEILINGS, and 88% of houses are larger. Note that EPC data is not available for all properties in Colwell.

8 THE SHEILINGS: Plot and Title Map

8 THE SHEILINGS sits on a plot of roughly 0.108 of an acre, or 435m². The below map shows the location of 8 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 8 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 8 THE SHEILINGS?

8 THE SHEILINGS is located in FRESHWATER, in the PO40 postcode district. The below map shows the position of No. 8 on THE SHEILINGS.