HEATHER BANKS, HEATHFIELD ROAD, FRESHWATER, PO40 9SH - £275,000

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

HEATHER BANKS is a midsized detached house of 109m², built sometime between 1967 and 1975. It was last sold for £275,000 in March 2014, which was around 6% above the average March 2014 detached price in the Isle of Wight local authority area. The most recent EPC inspection was August 2013, where the current energy rating was D, and the potential energy rating was B.

HEATHER BANKS Sold Prices

Land registry data shows three sales for HEATHER BANKS 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 HEATHER BANKS 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
2014 13 MAR	£275,000	£260,541	6% above HPI
1997 2 MAY	£82,000	£76,595	7% above HPI
1996 1 MAY	£78,000	£69,152	13% above HPI

HEATHER BANKS 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 HEATHER BANKS sales between May 1996 and March 2014 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 May 1997 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the March 2014 sale, where it falls to 6% above the HPI. The line then continues to track at 6% above the HPI.

How Large is HEATHER BANKS?

HEATHER BANKS is 109m² according to the EPC inspection conducted in August 2013. This puts it in the smallest 50% of detached houses in Colwell, based on EPC data. The below chart shows the distribution of detached houses by size in Colwell, and where HEATHER BANKS lies on this distribution: 43% of detached houses are smaller than HEATHER BANKS, and 54% of houses are larger. Note that EPC data is not available for all properties in Colwell.

HEATHER BANKS: Plot and Title Map

HEATHER BANKS sits on a plot of roughly 0.328 of an acre, or 1,326m². The below map shows the location of HEATHER BANKS, 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 HEATHER BANKS). 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 HEATHER BANKS?

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