GREEN HAILEY, HOOKE HILL, FRESHWATER, PO40 9BG - £372,500

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.

GREEN HAILEY is a small detached house of 83m², built sometime between 1967 and 1975, which could now be worth an estimated £356,803. It was last sold for £372,500 in October 2022, which was around 12% below the average October 2022 detached price in the Isle of Wight local authority area. The most recent EPC inspection was July 2022, where the current energy rating was D, and the potential energy rating was B.

GREEN HAILEY Sold Prices

Land registry data shows two sales for GREEN HAILEY 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 GREEN HAILEY 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
2022 12 OCT	£372,500	£425,027	12% below HPI
1995 15 DEC	£59,950	£68,393	12% below HPI

GREEN HAILEY 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 GREEN HAILEY sales from December 1995 and October 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 December 1995 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the October 2022 sale, which was also at 12% below the HPI.

What might GREEN HAILEY be worth now?

GREEN HAILEY might now be worth an estimated £356,803.

This is based on house price deflation of 4.2%, between October 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 4.2% deflationary decrease is applied to the most recent sale price for GREEN HAILEY of £372,500 on 12th October 2022. For the value to have decreased from £372,500 to £356,803 over the three years and eight months to February 2025, the following assumptions must hold true:

• The value of GREEN HAILEY has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The October 2022 sale price of £372,500 represented a fair market value for the property.
• The size, condition, and specification of GREEN HAILEY has not materially changed since October 2022.

How Large is GREEN HAILEY?

GREEN HAILEY is 83m² according to the EPC inspection conducted in July 2022. This puts it in the smallest 40% 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 GREEN HAILEY lies on this distribution: 35% of detached houses houses are smaller than GREEN HAILEY, and 63% of houses are larger. Note that EPC data is not available for all properties in Freshwater.

GREEN HAILEY: Plot and Title Map

GREEN HAILEY sits on a plot of roughly 0.213 of an acre, or 863m². The below map shows the location of GREEN HAILEY, 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 GREEN HAILEY). 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 GREEN HAILEY?

GREEN HAILEY is located on HOOKE HILL in FRESHWATER, in the PO40 postcode district. The below map shows the position of GREEN HAILEY on HOOKE HILL.