BRIARS WOOD, BAY ROAD, FRESHWATER, PO40 9QS - £262,000

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

BRIARS WOOD is a midsized detached house of 90m², built sometime between 1950 and 1966. It was last sold for £262,000 in August 2016, which was around 11% below the average August 2016 detached price in the Isle of Wight local authority area. The most recent EPC inspection was November 2015, where the current energy rating was D, and the potential energy rating was B.

BRIARS WOOD Sold Prices

Land registry data shows two sales for BRIARS WOOD 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. One of the two BRIARS WOOD sales was for below the average price, whilst the other was 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
2016 9 AUG	£262,000	£293,810	11% below HPI
1997 7 MAY	£78,000	£76,595	2% above HPI

BRIARS WOOD 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 BRIARS WOOD sales from May 1997 and August 2016 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 May 1997 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the August 2016 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is BRIARS WOOD?

BRIARS WOOD is 90m² according to the EPC inspection conducted in November 2015. This puts it in the smallest 50% of detached houses in Freshwater, based on EPC data. The below chart shows the distribution of detached houses by size in Freshwater, and where BRIARS WOOD lies on this distribution: 43% of detached houses are smaller than BRIARS WOOD, and 55% of houses are larger. Note that EPC data is not available for all properties in Freshwater.

BRIARS WOOD: Plot and Title Map

BRIARS WOOD sits on a plot of roughly 0.250 of an acre, or 1,012m². The below map shows the location of BRIARS WOOD, 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 BRIARS WOOD). 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 BRIARS WOOD?

BRIARS WOOD is located on BAY ROAD in FRESHWATER, in the PO40 postcode district. The below map shows the position of BRIARS WOOD on BAY ROAD.