FAIRLIGHT, COPSE LANE, FRESHWATER, PO40 9BS - £275,000

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.

FAIRLIGHT is a midsized extended semi-detached house of 91m², built sometime between 1900 and 1929, which could now be worth an estimated £310,694. It was last sold for £275,000 in September 2021, which was around 9% above the average September 2021 semi-detached price in the Isle of Wight local authority area. The most recent EPC inspection was October 2018, where the current energy rating was D, and the potential energy rating was B.

FAIRLIGHT Sold Prices

Land registry data shows six sales for FAIRLIGHT since 1^st January 1995. The below table shows the price paid for the six sales, along with the average semi-detached price in the Isle of Wight local authority area for the corresponding sale date. The six FAIRLIGHT sales were a mix of above the average price, roughly equal to the average price, and 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
2021 27 SEP	£275,000	£252,408	9% above HPI
2020 17 JUL	£210,000	£226,710	7% below HPI
2019 25 JAN	£173,000	£218,314	21% below HPI
2011 20 JUN	£150,000	£170,312	12% below HPI
2001 19 OCT	£94,500	£89,829	5% above HPI
2000 11 FEB	£69,950	£70,282	Close to HPI

FAIRLIGHT Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Isle of Wight local authority area over time, sourced from the HPI. The six FAIRLIGHT sales between February 2000 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 July 2020 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the September 2021 sale, where it rises to 9% above the HPI. The line then continues to track at 9% above the HPI.

What might FAIRLIGHT be worth now?

FAIRLIGHT might now be worth an estimated £310,694.

This is based on house price inflation of 13%, between September 2021 and February 2025, for semi-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 13% inflationary increase is applied to the most recent sale price for FAIRLIGHT of £275,000 on 27th September 2021. For the value to have increased from £275,000 to £310,694 over the four years and seven months to February 2025, the following assumptions must hold true:

• The value of FAIRLIGHT has moved in line with the HPI for semi-detached houses in the Isle of Wight local authority area.
• The September 2021 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of FAIRLIGHT has not materially changed since September 2021.

How Large is FAIRLIGHT?

FAIRLIGHT is 91m², which includes one extension, according to the EPC inspection conducted in October 2018. This puts it in the smallest 50% of semi-detached houses houses in Freshwater, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Freshwater, and where FAIRLIGHT lies on this distribution: 45% of semi-detached houses houses are smaller than FAIRLIGHT, and 54% of houses are larger. Note that EPC data is not available for all properties in Freshwater.

FAIRLIGHT: Plot and Title Map

FAIRLIGHT sits on a plot of roughly 0.052 of an acre, or 210m². The below map shows the location of FAIRLIGHT, 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 FAIRLIGHT). 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 FAIRLIGHT?

FAIRLIGHT is located on COPSE LANE in FRESHWATER, in the PO40 postcode district. The below map shows the position of FAIRLIGHT on COPSE LANE.