HONEYSUCKLE COTTAGE, COLWELL CHINE ROAD, FRESHWATER, PO40 9NP - £281,000

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

HONEYSUCKLE COTTAGE is a small extended detached house of 100m², built sometime between 1930 and 1949. It was last sold for £281,000 in October 2018, which was around 12% below the average October 2018 detached price in the Isle of Wight local authority area. The most recent EPC inspection was January 2018, where the current energy rating was E, and the potential energy rating was C.

HONEYSUCKLE COTTAGE Sold Prices

Land registry data shows two sales for HONEYSUCKLE COTTAGE 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 HONEYSUCKLE COTTAGE 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
2018 11 OCT	£281,000	£318,164	12% below HPI
2003 31 JAN	£175,000	£185,172	5% below HPI

HONEYSUCKLE COTTAGE 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 HONEYSUCKLE COTTAGE sales from January 2003 and October 2018 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 January 2003 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the October 2018 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is HONEYSUCKLE COTTAGE?

HONEYSUCKLE COTTAGE is 100m², which includes two extensions, according to the EPC inspection conducted in January 2018. This puts it in the smallest 40% of detached houses in Colwell, based on EPC data. The below chart shows the distribution of detached houses by size in Colwell, and where HONEYSUCKLE COTTAGE lies on this distribution: 36% of detached houses are smaller than HONEYSUCKLE COTTAGE, and 64% of houses are larger. Note that EPC data is not available for all properties in Colwell.

HONEYSUCKLE COTTAGE: Plot and Title Map

HONEYSUCKLE COTTAGE sits on a plot of roughly 0.124 of an acre, or 501m². The below map shows the location of HONEYSUCKLE COTTAGE, 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 HONEYSUCKLE COTTAGE). 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 HONEYSUCKLE COTTAGE?

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