NILE COTTAGE, COLWELL ROAD, FRESHWATER, PO40 9NB - £370,000

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

NILE COTTAGE is a very small extended detached house of 86m², built sometime between 1976 and 1982. It was last sold for £370,000 in March 2021, which was around 2% above the average March 2021 detached price in the Isle of Wight local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was B.

NILE COTTAGE Sold Prices

Land registry data shows three sales for NILE 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. Two of the three NILE COTTAGE sales were for above the average price, whilst one was 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
2021 5 MAR	£370,000	£364,254	2% above HPI
2018 29 AUG	£331,000	£316,372	5% above HPI
2014 13 AUG	£235,000	£265,613	12% below HPI

NILE 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 NILE COTTAGE sales between August 2014 and March 2021 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 2018 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the March 2021 sale, where it falls to 2% above the HPI. The line then continues to track at 2% above the HPI.

How Large is NILE COTTAGE?

NILE COTTAGE is 86m², which includes one extension, according to the EPC inspection conducted in April 2014. This puts it in the smallest 20% of detached houses in Colwell, based on EPC data. The below chart shows the distribution of detached houses by size in Colwell, and where NILE COTTAGE lies on this distribution: 16% of detached houses are smaller than NILE COTTAGE, and 83% of houses are larger. Note that EPC data is not available for all properties in Colwell.

NILE COTTAGE: Plot and Title Map

NILE COTTAGE sits on a plot of roughly 0.159 of an acre, or 643m². The below map shows the location of NILE 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 NILE 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 NILE COTTAGE?

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