MAY COTTAGE, BAY ROAD, FRESHWATER, PO40 9QS - £228,000

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

MAY COTTAGE is a small detached house of 73m², built sometime between 1930 and 1949. It was last sold for £228,000 in June 2011, which was around 9% below the average June 2011 detached price in the Isle of Wight local authority area. The most recent EPC inspection was April 2011, where the current energy rating was E, and the potential energy rating was D.

MAY COTTAGE Sold Prices

Land registry data shows two sales for MAY 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 MAY 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
2011 21 JUN	£228,000	£251,171	9% below HPI
2005 28 FEB	£212,000	£238,248	11% below HPI

MAY 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 MAY COTTAGE sales from February 2005 and June 2011 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 2005 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the June 2011 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is MAY COTTAGE?

MAY COTTAGE is 73m² according to the EPC inspection conducted in April 2011. This puts it in the smallest 30% of detached houses in Freshwater, based on EPC data. The below chart shows the distribution of detached houses by size in Freshwater, and where MAY COTTAGE lies on this distribution: 24% of detached houses are smaller than MAY COTTAGE, and 76% of houses are larger. Note that EPC data is not available for all properties in Freshwater.

MAY COTTAGE: Plot and Title Map

MAY COTTAGE sits on a plot of roughly 0.092 of an acre, or 371m². The below map shows the location of MAY 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 MAY 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 MAY COTTAGE?

MAY COTTAGE is located on BAY ROAD in FRESHWATER, in the PO40 postcode district. The below map shows the position of MAY COTTAGE on BAY ROAD.