CEDARWOOD COTTAGE, STATION ROAD, NINGWOOD, YARMOUTH, PO41 0TQ - £320,000

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.

CEDARWOOD COTTAGE is a midsized detached house of 120m², which could now be worth an estimated £452,845. It was last sold for £320,000 in August 2016, which was around 11% above the average August 2016 detached price in the Isle of Wight local authority area. The most recent EPC inspection was March 2010, where the current energy rating was B, and the potential energy rating was B.

CEDARWOOD COTTAGE Sold Prices

Land registry data shows two sales for CEDARWOOD COTTAGE 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 CEDARWOOD COTTAGE sales was for above the average price, whilst the other was 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
2016 30 AUG	£320,000	£287,686	11% above HPI
2007 20 MAR	£120,000	£253,395	53% below HPI

CEDARWOOD 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 two CEDARWOOD COTTAGE sales from March 2007 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 March 2007 sale was for 53% below the HPI. So the extrapolation line tracks at 53% below the HPI over time, until the August 2016 sale, where it rises to 11% above the HPI. The line then continues to track at 11% above the HPI.

What might CEDARWOOD COTTAGE be worth now?

CEDARWOOD COTTAGE might now be worth an estimated £452,845.

This is based on house price inflation of 41.5%, between August 2016 and February 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 41.5% inflationary increase is applied to the most recent sale price for CEDARWOOD COTTAGE of £320,000 on 30th August 2016. For the value to have increased from £320,000 to £452,845 over the nine years and six months to February 2025, the following assumptions must hold true:

• The value of CEDARWOOD COTTAGE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The August 2016 sale price of £320,000 represented a fair market value for the property.
• The size, condition, and specification of CEDARWOOD COTTAGE has not materially changed since August 2016.

How Large is CEDARWOOD COTTAGE?

CEDARWOOD COTTAGE is 120m² according to the EPC inspection conducted in March 2010. This puts it in the largest 50% of detached houses houses in Ningwood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ningwood, and where CEDARWOOD COTTAGE lies on this distribution: 58% of detached houses houses are smaller than CEDARWOOD COTTAGE, and 42% of houses are larger. Note that EPC data is not available for all properties in Ningwood.

CEDARWOOD COTTAGE: Plot and Title Map

CEDARWOOD COTTAGE sits on a plot of roughly 0.132 of an acre, or 534m². The below map shows the location of CEDARWOOD 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 CEDARWOOD 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 CEDARWOOD COTTAGE?

CEDARWOOD COTTAGE is located on STATION ROAD in NINGWOOD, in the PO41 postcode district. The below map shows the position of CEDARWOOD COTTAGE on STATION ROAD.