CRAIGLEA, VICTORIA ROAD, FRESHWATER, PO40 9PP - £290,000

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

CRAIGLEA is a very large extended detached house of 175m², built sometime before 1900. It was last sold for £290,000 in October 2014, which was around 7% above the average October 2014 detached price in the Isle of Wight local authority area. The most recent EPC inspection was June 2013, where the current energy rating was D, and the potential energy rating was B.

CRAIGLEA Sold Prices

Land registry data shows four sales for CRAIGLEA 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 CRAIGLEA 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
2014 24 OCT	£290,000	£271,407	7% above HPI
2003 5 DEC	£248,000	£208,499	19% above HPI
2000 3 MAR	£137,500	£112,759	22% above HPI
1996 23 FEB	£84,100	£71,641	17% above HPI

CRAIGLEA 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 CRAIGLEA sales between February 1996 and October 2014 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 2003 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the October 2014 sale, where it falls to 7% above the HPI. The line then continues to track at 7% above the HPI.

How Large is CRAIGLEA?

CRAIGLEA is 175m², which includes two extensions, according to the EPC inspection conducted in June 2013. This puts it in the largest 10% of detached houses in Freshwater, based on EPC data. The below chart shows the distribution of detached houses by size in Freshwater, and where CRAIGLEA lies on this distribution: 92% of detached houses are smaller than CRAIGLEA, and 8% of houses are larger. Note that EPC data is not available for all properties in Freshwater.

CRAIGLEA: Plot and Title Map

CRAIGLEA sits on a plot of roughly 0.096 of an acre, or 387m². The below map shows the location of CRAIGLEA, 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 CRAIGLEA). 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 CRAIGLEA?

CRAIGLEA is located on VICTORIA ROAD in FRESHWATER, in the PO40 postcode district. The below map shows the position of CRAIGLEA on VICTORIA ROAD.