CANDLELIGHT COTTAGE, MAIN ROAD, SHORWELL, NEWPORT, PO30 3JL - £380,000

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.

CANDLELIGHT COTTAGE is a very large extended detached house of 162m², built sometime between 1983 and 1990, which could now be worth an estimated £505,598. It was last sold for £380,000 in December 2017, which was around 26% above the average December 2017 detached price in the Isle of Wight local authority area. The most recent EPC inspection was February 2014, where the current energy rating was F, and the potential energy rating was D.

CANDLELIGHT COTTAGE Sold Prices

Land registry data shows four sales for CANDLELIGHT COTTAGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. All of the four CANDLELIGHT COTTAGE 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
2017 29 DEC	£380,000	£302,658	26% above HPI
2004 22 OCT	£350,000	£232,683	50% above HPI
2000 26 JUN	£180,000	£118,590	52% above HPI
1996 6 DEC	£115,000	£69,728	65% above HPI

CANDLELIGHT COTTAGE 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 four CANDLELIGHT COTTAGE sales between December 1996 and December 2017 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 October 2004 sale was for 50% above the HPI. So the extrapolation line tracks at 50% above the HPI over time, until the December 2017 sale, where it falls to 26% above the HPI. The line then continues to track at 26% above the HPI.

What might CANDLELIGHT COTTAGE be worth now?

CANDLELIGHT COTTAGE might now be worth an estimated £505,598.

This is based on house price inflation of 33.1%, between December 2017 and March 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 33.1% inflationary increase is applied to the most recent sale price for CANDLELIGHT COTTAGE of £380,000 on 29th December 2017. For the value to have increased from £380,000 to £505,598 over the eight years and nine months to March 2025, the following assumptions must hold true:

• The value of CANDLELIGHT COTTAGE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The December 2017 sale price of £380,000 represented a fair market value for the property.
• The size, condition, and specification of CANDLELIGHT COTTAGE has not materially changed since December 2017.

How Large is CANDLELIGHT COTTAGE?

CANDLELIGHT COTTAGE is 162m², which includes one extension, according to the EPC inspection conducted in February 2014. This puts it in the largest 20% of detached houses houses in Shorwell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Shorwell, and where CANDLELIGHT COTTAGE lies on this distribution: 84% of detached houses houses are smaller than CANDLELIGHT COTTAGE, and 16% of houses are larger. Note that EPC data is not available for all properties in Shorwell.

CANDLELIGHT COTTAGE: Plot and Title Map

CANDLELIGHT COTTAGE sits on a plot of roughly 0.442 of an acre, or 1,790m². The below map shows the location of CANDLELIGHT COTTAGE, 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 CANDLELIGHT COTTAGE). 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 CANDLELIGHT COTTAGE?

CANDLELIGHT COTTAGE is located on MAIN ROAD in SHORWELL, in the PO30 postcode district. The below map shows the position of CANDLELIGHT COTTAGE on MAIN ROAD.