LONGS CROFT, GATE LANE, FRESHWATER, PO40 9QD - £225,000

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.

LONGS CROFT is a very small detached house of 66m², built sometime between 1950 and 1966, which could now be worth an estimated £287,274. It was last sold for £225,000 in February 2019, which was around 29% below the average February 2019 detached price in the Isle of Wight local authority area. The most recent EPC inspection was August 2018, where the current energy rating was F, and the potential energy rating was B.

LONGS CROFT Sold Prices

Land registry data shows four sales for LONGS CROFT since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. All of the four LONGS CROFT 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
2019 22 FEB	£225,000	£318,863	29% below HPI
2009 14 AUG	£217,500	£230,629	6% below HPI
2002 19 AUG	£148,000	£166,370	11% below HPI
1999 23 AUG	£89,950	£97,672	8% below HPI

LONGS CROFT 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 four LONGS CROFT sales between August 1999 and February 2019 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 August 2009 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the February 2019 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might LONGS CROFT be worth now?

LONGS CROFT might now be worth an estimated £287,274.

This is based on house price inflation of 27.7%, between February 2019 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 27.7% inflationary increase is applied to the most recent sale price for LONGS CROFT of £225,000 on 22nd February 2019. For the value to have increased from £225,000 to £287,274 over the six years to February 2025, the following assumptions must hold true:

• The value of LONGS CROFT has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The February 2019 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of LONGS CROFT has not materially changed since February 2019.

How Large is LONGS CROFT?

LONGS CROFT is 66m² according to the EPC inspection conducted in August 2018. This puts it in the smallest 20% of detached houses houses in Freshwater, based on EPC data. The below chart shows the distribution of detached houses houses by size in Freshwater, and where LONGS CROFT lies on this distribution: 13% of detached houses houses are smaller than LONGS CROFT, and 86% of houses are larger. Note that EPC data is not available for all properties in Freshwater.

LONGS CROFT: Plot and Title Map

LONGS CROFT sits on a plot of roughly 0.123 of an acre, or 499m². The below map shows the location of LONGS CROFT, 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 LONGS CROFT). 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 LONGS CROFT?

LONGS CROFT is located on GATE LANE in FRESHWATER, in the PO40 postcode district. The below map shows the position of LONGS CROFT on GATE LANE.