CHALKYS RETREAT, COLWELL ROAD, FRESHWATER, PO40 9TE - £417,500

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

CHALKYS RETREAT is a large extended detached house of 114m², built sometime between 1976 and 1982. It was last sold for £417,500 in November 2023, which was about the average November 2023 detached price in the Isle of Wight local authority area. The most recent EPC inspection was July 2022, where the current energy rating was D, and the potential energy rating was B.

CHALKYS RETREAT Sold Prices

Land registry data shows three sales for CHALKYS RETREAT 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. The three CHALKYS RETREAT sales were a mix of roughly equal to the average price, and 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
2023 27 NOV	£417,500	£419,588	Close to HPI
2011 20 DEC	£230,000	£253,640	9% below HPI
2004 1 APR	£175,000	£212,531	18% below HPI

CHALKYS RETREAT 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 CHALKYS RETREAT sales between April 2004 and November 2023 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 December 2011 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the November 2023 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

How Large is CHALKYS RETREAT?

CHALKYS RETREAT is 114m², which includes one extension, according to the EPC inspection conducted in July 2022. This puts it in the largest 40% of detached houses in Freshwater, based on EPC data. The below chart shows the distribution of detached houses by size in Freshwater, and where CHALKYS RETREAT lies on this distribution: 66% of detached houses are smaller than CHALKYS RETREAT, and 34% of houses are larger. Note that EPC data is not available for all properties in Freshwater.

CHALKYS RETREAT: Plot and Title Map

CHALKYS RETREAT sits on a plot of roughly 0.123 of an acre, or 497m². The below map shows the location of CHALKYS RETREAT, 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 CHALKYS RETREAT). 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 CHALKYS RETREAT?

CHALKYS RETREAT is located on COLWELL ROAD in FRESHWATER, in the PO40 postcode district. The below map shows the position of CHALKYS RETREAT on COLWELL ROAD.