GREYSTONES, HEATHFIELD ROAD, FRESHWATER, PO40 9SH - £775,000

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.

GREYSTONES is a very large extended detached house of 330m², built sometime between 1930 and 1949, which could now be worth an estimated £793,363. It was last sold for £775,000 in February 2022, which was around 95% above the average February 2022 detached price in the Isle of Wight local authority area. The most recent EPC inspection was November 2021, where the current energy rating was E, and the potential energy rating was C.

GREYSTONES Sold Prices

Land registry data shows two sales for GREYSTONES 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 GREYSTONES 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 11 FEB	£775,000	£397,693	95% above HPI
2000 12 JUL	£278,000	£120,888	130% above HPI

GREYSTONES 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 GREYSTONES sales from July 2000 and February 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 July 2000 sale was for 130% above the HPI. So the extrapolation line tracks at 130% above the HPI over time, until the February 2022 sale, where it falls to 95% above the HPI. The line then continues to track at 95% above the HPI.

What might GREYSTONES be worth now?

GREYSTONES might now be worth an estimated £793,363.

This is based on house price inflation of 2.4%, between February 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 2.4% inflationary increase is applied to the most recent sale price for GREYSTONES of £775,000 on 11th February 2022. For the value to have increased from £775,000 to £793,363 over the three years to February 2025, the following assumptions must hold true:

• The value of GREYSTONES has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The February 2022 sale price of £775,000 represented a fair market value for the property.
• The size, condition, and specification of GREYSTONES has not materially changed since February 2022.

How Large is GREYSTONES?

GREYSTONES is 330m², which includes one extension, according to the EPC inspection conducted in November 2021. This puts it in the largest 10% of detached houses houses in Colwell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Colwell, and where GREYSTONES lies on this distribution: More than 99% of detached houses houses are smaller than GREYSTONES, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Colwell.

GREYSTONES: Plot and Title Map

GREYSTONES sits on a plot of roughly 0.398 of an acre, or 1,610m². The below map shows the location of GREYSTONES, 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 GREYSTONES). 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 GREYSTONES?

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