OVERDENE, HEATHFIELD ROAD, FRESHWATER, PO40 9SH - £315,000

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

OVERDENE is a small extended detached house of 98m², built sometime between 1967 and 1975. It was last sold for £315,000 in July 2016, which was around 9% above the average July 2016 detached price in the Isle of Wight local authority area. The most recent EPC inspection was March 2012, where the current energy rating was D, and the potential energy rating was D.

OVERDENE Sold Prices

Land registry data shows two sales for OVERDENE 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. One of the two OVERDENE sales was for above the average price, whilst the other 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
2016 15 JUL	£315,000	£289,666	9% above HPI
2012 17 AUG	£204,000	£257,714	21% below HPI

OVERDENE 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 OVERDENE sales from August 2012 and July 2016 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 2012 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the July 2016 sale, where it rises to 9% above the HPI. The line then continues to track at 9% above the HPI.

How Large is OVERDENE?

OVERDENE is 98m², which includes one extension, according to the EPC inspection conducted in March 2012. This puts it in the smallest 40% of detached houses in Colwell, based on EPC data. The below chart shows the distribution of detached houses by size in Colwell, and where OVERDENE lies on this distribution: 34% of detached houses are smaller than OVERDENE, and 66% of houses are larger. Note that EPC data is not available for all properties in Colwell.

OVERDENE: Plot and Title Map

OVERDENE sits on a plot of roughly 0.318 of an acre, or 1,288m². The below map shows the location of OVERDENE, 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 OVERDENE). 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 OVERDENE?

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