MILLSTONE COTTAGE, MAIN ROAD, BRIGHSTONE, NEWPORT, PO30 4DJ - £355,000

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.

MILLSTONE COTTAGE is a very large extended detached house of 154m², built sometime between 1950 and 1966, which could now be worth an estimated £585,759. It was last sold for £355,000 in November 2011, which was around 44% above the average November 2011 detached price in the Isle of Wight local authority area. The most recent EPC inspection was April 2023, where the current energy rating was D, and the potential energy rating was C.

MILLSTONE COTTAGE Sold Prices

Land registry data shows three sales for MILLSTONE COTTAGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. All of the three MILLSTONE COTTAGE 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
2011 14 NOV	£355,000	£246,733	44% above HPI
2002 27 SEP	£250,000	£172,221	45% above HPI
2001 10 SEP	£240,000	£140,418	71% above HPI

MILLSTONE 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 three MILLSTONE COTTAGE sales between September 2001 and November 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 September 2002 sale was for 45% above the HPI. So the extrapolation line tracks at 45% above the HPI over time, until the November 2011 sale, where it falls to 44% above the HPI. The line then continues to track at 44% above the HPI.

What might MILLSTONE COTTAGE be worth now?

MILLSTONE COTTAGE might now be worth an estimated £585,759.

This is based on house price inflation of 65%, between November 2011 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 65% inflationary increase is applied to the most recent sale price for MILLSTONE COTTAGE of £355,000 on 14th November 2011. For the value to have increased from £355,000 to £585,759 over the fourteen years and nine months to February 2025, the following assumptions must hold true:

• The value of MILLSTONE COTTAGE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The November 2011 sale price of £355,000 represented a fair market value for the property.
• The size, condition, and specification of MILLSTONE COTTAGE has not materially changed since November 2011.

How Large is MILLSTONE COTTAGE?

MILLSTONE COTTAGE is 154m², which includes two extensions, according to the EPC inspection conducted in April 2023. This puts it in the largest 20% of detached houses houses in Brighstone, based on EPC data. The below chart shows the distribution of detached houses houses by size in Brighstone, and where MILLSTONE COTTAGE lies on this distribution: 86% of detached houses houses are smaller than MILLSTONE COTTAGE, and 14% of houses are larger. Note that EPC data is not available for all properties in Brighstone.

MILLSTONE COTTAGE: Plot and Title Map

MILLSTONE COTTAGE sits on a plot of roughly 0.140 of an acre, or 567m². The below map shows the location of MILLSTONE 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 MILLSTONE 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 MILLSTONE COTTAGE?

MILLSTONE COTTAGE is located on MAIN ROAD in BRIGHSTONE, in the PO30 postcode district. The below map shows the position of MILLSTONE COTTAGE on MAIN ROAD.