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

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

GREYSTONES is a very large extended detached house of 330m², built sometime between 1930 and 1949. It was last sold for £775,000 in February 2022, which was around 91% 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	£406,159	91% above HPI
2000 12 JUL	£278,000	£123,462	125% 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 125% above the HPI. So the extrapolation line tracks at 125% above the HPI over time, until the February 2022 sale, where it falls to 91% above the HPI. The line then continues to track at 91% above the HPI.

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 in Colwell, based on EPC data. The below chart shows the distribution of detached houses by size in Colwell, and where GREYSTONES lies on this distribution: More than 99% of detached 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.