FARRINGFORD COTTAGE, BEDBURY LANE, FRESHWATER, PO40 9PB - £850,000

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.

FARRINGFORD COTTAGE is a very large extended detached house of 186m², built sometime before 1900, which could now be worth an estimated £830,076. It was last sold for £850,000 in August 2022, which was around 104% above the average August 2022 detached price in the Isle of Wight local authority area. The most recent EPC inspection was February 2022, where the current energy rating was D, and the potential energy rating was C.

FARRINGFORD COTTAGE Sold Prices

Land registry data shows three sales for FARRINGFORD 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 FARRINGFORD 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
2022 17 AUG	£850,000	£416,888	104% above HPI
2011 28 OCT	£497,000	£243,691	104% above HPI
2000 2 NOV	£240,000	£129,943	85% above HPI

FARRINGFORD 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 FARRINGFORD COTTAGE sales between November 2000 and August 2022 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 October 2011 sale was for 104% above the HPI. So the extrapolation line tracks at 104% above the HPI over time, until the August 2022 sale, which was also at 104% above the HPI.

What might FARRINGFORD COTTAGE be worth now?

FARRINGFORD COTTAGE might now be worth an estimated £830,076.

This is based on house price deflation of 2.3%, between August 2022 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 2.3% deflationary decrease is applied to the most recent sale price for FARRINGFORD COTTAGE of £850,000 on 17th August 2022. For the value to have decreased from £850,000 to £830,076 over the three years and six months to February 2025, the following assumptions must hold true:

• The value of FARRINGFORD COTTAGE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The August 2022 sale price of £850,000 represented a fair market value for the property.
• The size, condition, and specification of FARRINGFORD COTTAGE has not materially changed since August 2022.

How Large is FARRINGFORD COTTAGE?

FARRINGFORD COTTAGE is 186m², which includes one extension, according to the EPC inspection conducted in February 2022. This puts it in the largest 10% of detached houses houses in Freshwater, based on EPC data. The below chart shows the distribution of detached houses houses by size in Freshwater, and where FARRINGFORD COTTAGE lies on this distribution: 94% of detached houses houses are smaller than FARRINGFORD COTTAGE, and 6% of houses are larger. Note that EPC data is not available for all properties in Freshwater.

FARRINGFORD COTTAGE: Plot and Title Map

FARRINGFORD COTTAGE sits on a plot of roughly 0.551 of an acre, or 2,228m². The below map shows the location of FARRINGFORD 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 FARRINGFORD 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 FARRINGFORD COTTAGE?

FARRINGFORD COTTAGE is located on BEDBURY LANE in FRESHWATER, in the PO40 postcode district. The below map shows the position of FARRINGFORD COTTAGE on BEDBURY LANE.