OAKTREES, HEATHFIELD ROAD, FRESHWATER, PO40 9SH - £330,000

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

OAKTREES is a midsized extended detached house of 117m², built sometime between 1967 and 1975. It was last sold for £330,000 in January 2015, which was around 23% above the average January 2015 detached price in the Isle of Wight local authority area. The most recent EPC inspection was April 2014, where the current energy rating was C, and the potential energy rating was B.

OAKTREES Sold Prices

Land registry data shows two sales for OAKTREES 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 OAKTREES 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
2015 6 JAN	£330,000	£268,058	23% above HPI
2005 26 MAY	£242,000	£232,749	4% above HPI

OAKTREES 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 OAKTREES sales from May 2005 and January 2015 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 2005 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the January 2015 sale, where it rises to 23% above the HPI. The line then continues to track at 23% above the HPI.

How Large is OAKTREES?

OAKTREES is 117m², which includes one extension, according to the EPC inspection conducted in April 2014. This puts it in the largest 50% of detached houses in Colwell, based on EPC data. The below chart shows the distribution of detached houses by size in Colwell, and where OAKTREES lies on this distribution: 51% of detached houses are smaller than OAKTREES, and 49% of houses are larger. Note that EPC data is not available for all properties in Colwell.

OAKTREES: Plot and Title Map

OAKTREES sits on a plot of roughly 0.292 of an acre, or 1,180m². The below map shows the location of OAKTREES, 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 OAKTREES). 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 OAKTREES?

OAKTREES is located on HEATHFIELD ROAD in FRESHWATER, in the PO40 postcode district. The below map shows the position of OAKTREES on HEATHFIELD ROAD.