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

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

ELM COTTAGE is a very large extended detached house of 170m², built sometime before 1900. It was last sold for £475,000 in March 2018, which was around 55% 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	£306,446	55% above HPI
2013 24 MAY	£435,000	£243,197	79% above HPI
2005 4 NOV	£320,000	£241,956	32% 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 79% above the HPI. So the extrapolation line tracks at 79% above the HPI over time, until the March 2018 sale, where it falls to 55% above the HPI. The line then continues to track at 55% above the HPI.

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 in Shorwell, based on EPC data. The below chart shows the distribution of detached houses by size in Shorwell, and where ELM COTTAGE lies on this distribution: 91% of detached houses are smaller than ELM COTTAGE, and 7% 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.