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

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.

OVERDENE is a small extended detached house of 98m², built sometime between 1967 and 1975, which could now be worth an estimated £452,147. It was last sold for £315,000 in July 2016, which was around 11% 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	£283,628	11% above HPI
2012 17 AUG	£204,000	£252,342	19% 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 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the July 2016 sale, where it rises to 11% above the HPI. The line then continues to track at 11% above the HPI.

What might OVERDENE be worth now?

OVERDENE might now be worth an estimated £452,147.

This is based on house price inflation of 43.5%, between July 2016 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 43.5% inflationary increase is applied to the most recent sale price for OVERDENE of £315,000 on 15th July 2016. For the value to have increased from £315,000 to £452,147 over the nine years and five months to February 2025, the following assumptions must hold true:

• The value of OVERDENE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The July 2016 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of OVERDENE has not materially changed since July 2016.

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 houses in Colwell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Colwell, and where OVERDENE lies on this distribution: 34% of detached houses 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.