MARINE HOUSE, COASTGUARD LANE, FRESHWATER, PO40 9QU - £450,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

MARINE HOUSE is a very large detached house of 245m², built sometime before 1900. It was last sold for £450,000 in March 2016, which was around 55% above the average March 2016 detached price in the Isle of Wight local authority area. The most recent EPC inspection was March 2009, where the current energy rating was D, and the potential energy rating was D.

MARINE HOUSE Sold Prices

Land registry data shows two sales for MARINE HOUSE 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 MARINE HOUSE 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
2016 15 MAR	£450,000	£289,611	55% above HPI
2001 30 MAY	£239,000	£133,416	79% above HPI

MARINE HOUSE 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 MARINE HOUSE sales from May 2001 and March 2016 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 2001 sale was for 79% above the HPI. So the extrapolation line tracks at 79% above the HPI over time, until the March 2016 sale, where it falls to 55% above the HPI. The line then continues to track at 55% above the HPI.

How Large is MARINE HOUSE?

MARINE HOUSE is 245m² according to the EPC inspection conducted in March 2009. This puts it in the largest 10% of detached houses in Freshwater, based on EPC data. The below chart shows the distribution of detached houses by size in Freshwater, and where MARINE HOUSE lies on this distribution: 98% of detached houses are smaller than MARINE HOUSE, and 2% of houses are larger. Note that EPC data is not available for all properties in Freshwater.

MARINE HOUSE: Plot and Title Map

MARINE HOUSE sits on a plot of roughly 0.353 of an acre, or 1,428m². The below map shows the location of MARINE HOUSE, 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 MARINE HOUSE). 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 MARINE HOUSE?

MARINE HOUSE is located on COASTGUARD LANE in FRESHWATER, in the PO40 postcode district. The below map shows the position of MARINE HOUSE on COASTGUARD LANE.