GLADESWOOD, CORVE HILL, SHORWELL, NEWPORT, PO30 3JR - £310,000

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.

GLADESWOOD is a very small detached house of 90m², built sometime between 1991 and 1995, which could now be worth an estimated £427,744. It was last sold for £310,000 in July 2017, which was around 5% above the average July 2017 detached price in the Isle of Wight local authority area. The most recent EPC inspection was April 2017, where the current energy rating was E, and the potential energy rating was A.

GLADESWOOD Sold Prices

Land registry data shows three sales for GLADESWOOD 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 GLADESWOOD 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
2017 28 JUL	£310,000	£295,050	5% above HPI
2007 10 DEC	£274,000	£264,147	4% above HPI
1996 31 OCT	£87,000	£69,530	25% above HPI

GLADESWOOD 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 GLADESWOOD sales between October 1996 and July 2017 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 December 2007 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the July 2017 sale, where it rises to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might GLADESWOOD be worth now?

GLADESWOOD might now be worth an estimated £427,744.

This is based on house price inflation of 38%, between July 2017 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 38% inflationary increase is applied to the most recent sale price for GLADESWOOD of £310,000 on 28th July 2017. For the value to have increased from £310,000 to £427,744 over the eight years and five months to February 2025, the following assumptions must hold true:

• The value of GLADESWOOD has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The July 2017 sale price of £310,000 represented a fair market value for the property.
• The size, condition, and specification of GLADESWOOD has not materially changed since July 2017.

How Large is GLADESWOOD?

GLADESWOOD is 90m² according to the EPC inspection conducted in April 2017. This puts it in the smallest 20% 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 GLADESWOOD lies on this distribution: 14% of detached houses houses are smaller than GLADESWOOD, and 86% of houses are larger. Note that EPC data is not available for all properties in Shorwell.

GLADESWOOD: Plot and Title Map

GLADESWOOD sits on a plot of roughly 0.276 of an acre, or 1,115m². The below map shows the location of GLADESWOOD, 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 GLADESWOOD). 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 GLADESWOOD?

GLADESWOOD is located on CORVE HILL in SHORWELL, in the PO30 postcode district. The below map shows the position of GLADESWOOD on CORVE HILL.