GARA, BAY ROAD, FRESHWATER, PO40 9QS - £179,285

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.

GARA is a midsized detached house of 90m², built sometime between 1967 and 1975, which could now be worth an estimated £181,906. It was last sold for £179,285 in April 2022, which was around 55% below the average April 2022 detached price in the Isle of Wight local authority area. The most recent EPC inspection was February 2013, where the current energy rating was D, and the potential energy rating was B.

GARA Sold Prices

Land registry data shows four sales for GARA since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. The four GARA sales were a mix of below the average price, and roughly equal to 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 7 APR	£179,285	£401,250	55% below HPI
2014 7 NOV	£250,000	£265,136	6% below HPI
2013 26 JUN	£243,000	£244,153	Close to HPI
2011 30 JUN	£222,000	£245,935	10% below HPI

GARA 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 four GARA sales between June 2011 and April 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 November 2014 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the April 2022 sale, where it falls to 55% below the HPI. The line then continues to track at 55% below the HPI.

What might GARA be worth now?

GARA might now be worth an estimated £181,906.

This is based on house price inflation of 1.5%, between April 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 1.5% inflationary increase is applied to the most recent sale price for GARA of £179,285 on 7th April 2022. For the value to have increased from £179,285 to £181,906 over the three years and two months to February 2025, the following assumptions must hold true:

• The value of GARA has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The April 2022 sale price of £179,285 represented a fair market value for the property.
• The size, condition, and specification of GARA has not materially changed since April 2022.

How Large is GARA?

GARA is 90m² according to the EPC inspection conducted in February 2013. This puts it in the smallest 50% 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 GARA lies on this distribution: 43% of detached houses houses are smaller than GARA, and 56% of houses are larger. Note that EPC data is not available for all properties in Freshwater.

GARA: Plot and Title Map

GARA sits on a plot of roughly 0.123 of an acre, or 497m². The below map shows the location of GARA, 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 GARA). 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 GARA?

GARA is located on BAY ROAD in FRESHWATER, in the PO40 postcode district. The below map shows the position of GARA on BAY ROAD.