MULBERRY COTTAGE, HOOKE HILL, FRESHWATER, PO40 9BG - £450,000

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.

MULBERRY COTTAGE is a very large detached house of 146m², built sometime between 1976 and 1982, which could now be worth an estimated £456,770. It was last sold for £450,000 in January 2022, which was around 12% above the average January 2022 detached price in the Isle of Wight local authority area. The most recent EPC inspection was October 2021, where the current energy rating was D, and the potential energy rating was B.

MULBERRY COTTAGE Sold Prices

Land registry data shows five sales for MULBERRY COTTAGE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. All of the five MULBERRY 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
2022 17 JAN	£450,000	£401,082	12% above HPI
2009 27 AUG	£290,000	£230,629	26% above HPI
2000 26 JUL	£158,000	£120,888	31% above HPI
1999 24 SEP	£130,000	£100,986	29% above HPI
1995 10 FEB	£85,000	£67,904	25% above HPI

MULBERRY 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 five MULBERRY COTTAGE sales between February 1995 and January 2022 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 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the January 2022 sale, where it falls to 12% above the HPI. The line then continues to track at 12% above the HPI.

What might MULBERRY COTTAGE be worth now?

MULBERRY COTTAGE might now be worth an estimated £456,770.

This is based on house price inflation of 1.5%, between January 2022 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 1.5% inflationary increase is applied to the most recent sale price for MULBERRY COTTAGE of £450,000 on 17th January 2022. For the value to have increased from £450,000 to £456,770 over the two years and eleven months to February 2025, the following assumptions must hold true:

• The value of MULBERRY COTTAGE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The January 2022 sale price of £450,000 represented a fair market value for the property.
• The size, condition, and specification of MULBERRY COTTAGE has not materially changed since January 2022.

How Large is MULBERRY COTTAGE?

MULBERRY COTTAGE is 146m² according to the EPC inspection conducted in October 2021. This puts it in the largest 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 MULBERRY COTTAGE lies on this distribution: 84% of detached houses houses are smaller than MULBERRY COTTAGE, and 15% of houses are larger. Note that EPC data is not available for all properties in Freshwater.

MULBERRY COTTAGE: Plot and Title Map

MULBERRY COTTAGE sits on a plot of roughly 0.151 of an acre, or 610m². The below map shows the location of MULBERRY 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 MULBERRY 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 MULBERRY COTTAGE?

MULBERRY COTTAGE is located on HOOKE HILL in FRESHWATER, in the PO40 postcode district. The below map shows the position of MULBERRY COTTAGE on HOOKE HILL.