HOPEWELL, BROOKLYN GARDENS, FRESHWATER, PO40 9RL - £230,000

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

HOPEWELL is a very large detached house of 143m², built sometime between 1983 and 1990. It was last sold for £230,000 in March 2002, which was around 56% above the average March 2002 detached price in the Isle of Wight local authority area. The most recent EPC inspection was January 2016, where the current energy rating was D, and the potential energy rating was B.

HOPEWELL Sold Prices

Land registry data shows two sales for HOPEWELL 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 HOPEWELL 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
2002 21 MAR	£230,000	£147,485	56% above HPI
1996 7 FEB	£107,500	£71,641	50% above HPI

HOPEWELL 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 HOPEWELL sales from February 1996 and March 2002 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 February 1996 sale was for 50% above the HPI. So the extrapolation line tracks at 50% above the HPI over time, until the March 2002 sale, where it rises to 56% above the HPI. The line then continues to track at 56% above the HPI.

How Large is HOPEWELL?

HOPEWELL is 143m² according to the EPC inspection conducted in January 2016. This puts it in the largest 20% of detached houses in Freshwater, based on EPC data. The below chart shows the distribution of detached houses by size in Freshwater, and where HOPEWELL lies on this distribution: 81% of detached houses are smaller than HOPEWELL, and 18% of houses are larger. Note that EPC data is not available for all properties in Freshwater.

HOPEWELL: Plot and Title Map

HOPEWELL sits on a plot of roughly 0.212 of an acre, or 857m². The below map shows the location of HOPEWELL, 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 HOPEWELL). 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 HOPEWELL?

HOPEWELL is located on BROOKLYN GARDENS in FRESHWATER, in the PO40 postcode district. The below map shows the position of HOPEWELL on BROOKLYN GARDENS.