ELM COTTAGE, FARRIERS WAY, SHORWELL, NEWPORT, PO30 3JP - £475,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

ELM COTTAGE is a very large extended detached house of 170m², built sometime before 1900, which could now be worth an estimated £634,910. It was last sold for £475,000 in March 2018, which was around 58% above the average March 2018 detached price in the Isle of Wight local authority area. The most recent EPC inspection was February 2013, where the current energy rating was E, and the potential energy rating was C.

ELM COTTAGE Sold Prices

Land registry data shows three sales for ELM COTTAGE 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. All of the three ELM COTTAGE 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
2018 23 MAR	£475,000	£300,058	58% above HPI
2013 24 MAY	£435,000	£238,128	83% above HPI
2005 4 NOV	£320,000	£236,913	35% above HPI

ELM 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 three ELM COTTAGE sales between November 2005 and March 2018 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 May 2013 sale was for 83% above the HPI. So the extrapolation line tracks at 83% above the HPI over time, until the March 2018 sale, where it falls to 58% above the HPI. The line then continues to track at 58% above the HPI.

What might ELM COTTAGE be worth now?

ELM COTTAGE might now be worth an estimated £634,910.

This is based on house price inflation of 33.7%, between March 2018 and December 2024, 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 33.7% inflationary increase is applied to the most recent sale price for ELM COTTAGE of £475,000 on 23rd March 2018. For the value to have increased from £475,000 to £634,910 over the five years and three months to December 2024, the following assumptions must hold true:

• The value of ELM COTTAGE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The March 2018 sale price of £475,000 represented a fair market value for the property.
• The size, condition, and specification of ELM COTTAGE has not materially changed since March 2018.

How Large is ELM COTTAGE?

ELM COTTAGE is 170m², which includes one extension, according to the EPC inspection conducted in February 2013. This puts it in the largest 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 ELM COTTAGE lies on this distribution: 89% of detached houses houses are smaller than ELM COTTAGE, and 9% of houses are larger. Note that EPC data is not available for all properties in Shorwell.

ELM COTTAGE: Plot and Title Map

ELM COTTAGE sits on a plot of roughly 0.273 of an acre, or 1,104m². The below map shows the location of ELM 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 ELM 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 ELM COTTAGE?

ELM COTTAGE is located on FARRIERS WAY in SHORWELL, in the PO30 postcode district. The below map shows the position of ELM COTTAGE on FARRIERS WAY.