EDELWEISS, FINE LANE, SHORWELL, NEWPORT, PO30 3JY - £354,000

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.

EDELWEISS is a very small detached house of 72m², built sometime between 1996 and 2002, which could now be worth an estimated £399,828. It was last sold for £354,000 in December 2020, which was around 2% below the average December 2020 detached price in the Isle of Wight local authority area. The most recent EPC inspection was April 2018, where the current energy rating was D, and the potential energy rating was C.

EDELWEISS Sold Prices

Land registry data shows six sales for EDELWEISS since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. All of the six EDELWEISS sales were 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
2020 17 DEC	£354,000	£360,453	2% below HPI
2017 21 JUN	£244,000	£294,728	17% below HPI
2014 28 NOV	£190,000	£265,136	28% below HPI
2003 23 JUL	£165,000	£201,245	18% below HPI
1998 22 JUN	£78,000	£85,254	9% below HPI
1997 14 JUL	£75,000	£76,287	2% below HPI

EDELWEISS 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 six EDELWEISS sales between July 1997 and December 2020 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 June 2017 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the December 2020 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might EDELWEISS be worth now?

EDELWEISS might now be worth an estimated £399,828.

This is based on house price inflation of 12.9%, between December 2020 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 12.9% inflationary increase is applied to the most recent sale price for EDELWEISS of £354,000 on 17th December 2020. For the value to have increased from £354,000 to £399,828 over the five years and ten months to February 2025, the following assumptions must hold true:

• The value of EDELWEISS has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The December 2020 sale price of £354,000 represented a fair market value for the property.
• The size, condition, and specification of EDELWEISS has not materially changed since December 2020.

How Large is EDELWEISS?

EDELWEISS is 72m² according to the EPC inspection conducted in April 2018. This puts it in the smallest 10% 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 EDELWEISS lies on this distribution: 4% of detached houses houses are smaller than EDELWEISS, and 96% of houses are larger. Note that EPC data is not available for all properties in Shorwell.

EDELWEISS: Plot and Title Map

EDELWEISS sits on a plot of roughly 0.100 of an acre, or 404m². The below map shows the location of EDELWEISS, 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 EDELWEISS). 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 EDELWEISS?

EDELWEISS is located on FINE LANE in SHORWELL, in the PO30 postcode district. The below map shows the position of EDELWEISS on FINE LANE.