CHERRY TREES, MADEIRA LANE, FRESHWATER, PO40 9SP - £440,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

CHERRY TREES is a large extended detached house of 138m², built sometime between 1950 and 1966. It was last sold for £440,000 in September 2021, which was around 18% above the average September 2021 detached price in the Isle of Wight local authority area. The most recent EPC inspection was September 2020, where the current energy rating was C, and the potential energy rating was B.

CHERRY TREES Sold Prices

Land registry data shows two sales for CHERRY TREES 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. Both of the two CHERRY TREES 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
2021 27 SEP	£440,000	£372,037	18% above HPI
2004 10 MAR	£227,000	£210,671	8% above HPI

CHERRY TREES 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 CHERRY TREES sales from March 2004 and September 2021 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 2004 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the September 2021 sale, where it rises to 18% above the HPI. The line then continues to track at 18% above the HPI.

How Large is CHERRY TREES?

CHERRY TREES is 138m², which includes two extensions, according to the EPC inspection conducted in September 2020. This puts it in the largest 40% of detached houses in Colwell, based on EPC data. The below chart shows the distribution of detached houses by size in Colwell, and where CHERRY TREES lies on this distribution: 64% of detached houses are smaller than CHERRY TREES, and 36% of houses are larger. Note that EPC data is not available for all properties in Colwell.

CHERRY TREES: Plot and Title Map

CHERRY TREES sits on a plot of roughly 0.230 of an acre, or 932m². The below map shows the location of CHERRY TREES, 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 CHERRY TREES). 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 CHERRY TREES?

CHERRY TREES is located on MADEIRA LANE in FRESHWATER, in the PO40 postcode district. The below map shows the position of CHERRY TREES on MADEIRA LANE.