GRACEL, COLWELL ROAD, FRESHWATER, PO40 9NB - £340,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

GRACEL is a small detached house of 90m², built sometime between 1930 and 1949. It was last sold for £340,000 in January 2021, which was around 7% below the average January 2021 detached price in the Isle of Wight local authority area. The most recent EPC inspection was March 2017, where the current energy rating was C, and the potential energy rating was B.

GRACEL Sold Prices

Land registry data shows two sales for GRACEL since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. Both of the two GRACEL sales were for 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 15 JAN	£340,000	£366,659	7% below HPI
2016 22 NOV	£240,000	£290,578	17% below HPI

GRACEL 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 two GRACEL sales from November 2016 and January 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 November 2016 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the January 2021 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is GRACEL?

GRACEL is 90m² according to the EPC inspection conducted in March 2017. This puts it in the smallest 30% of detached houses in Colwell, based on EPC data. The below chart shows the distribution of detached houses by size in Colwell, and where GRACEL lies on this distribution: 21% of detached houses are smaller than GRACEL, and 78% of houses are larger. Note that EPC data is not available for all properties in Colwell.

GRACEL: Plot and Title Map

GRACEL sits on a plot of roughly 0.120 of an acre, or 487m². The below map shows the location of GRACEL, 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 GRACEL). 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 GRACEL?

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