PINE LODGE, VICTORIA ROAD, FRESHWATER, PO40 9PP - £425,000

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.

PINE LODGE is a large detached house of 133m², built sometime between 1976 and 1982, which could now be worth an estimated £478,279. It was last sold for £425,000 in June 2021, which was around 17% above the average June 2021 detached price in the Isle of Wight local authority area. The most recent EPC inspection was March 2021, where the current energy rating was C, and the potential energy rating was B.

PINE LODGE Sold Prices

Land registry data shows two sales for PINE LODGE 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 PINE LODGE 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
2021 30 JUN	£425,000	£361,764	17% above HPI
2019 4 NOV	£285,000	£321,884	11% below HPI

PINE LODGE 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 PINE LODGE sales from November 2019 and June 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 November 2019 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the June 2021 sale, where it rises to 17% above the HPI. The line then continues to track at 17% above the HPI.

What might PINE LODGE be worth now?

PINE LODGE might now be worth an estimated £478,279.

This is based on house price inflation of 12.5%, between June 2021 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 12.5% inflationary increase is applied to the most recent sale price for PINE LODGE of £425,000 on 30th June 2021. For the value to have increased from £425,000 to £478,279 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of PINE LODGE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The June 2021 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of PINE LODGE has not materially changed since June 2021.

How Large is PINE LODGE?

PINE LODGE is 133m² according to the EPC inspection conducted in March 2021. This puts it in the largest 30% 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 PINE LODGE lies on this distribution: 76% of detached houses houses are smaller than PINE LODGE, and 23% of houses are larger. Note that EPC data is not available for all properties in Freshwater.

PINE LODGE: Plot and Title Map

PINE LODGE sits on a plot of roughly 0.076 of an acre, or 308m². The below map shows the location of PINE LODGE, 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 PINE LODGE). 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 PINE LODGE?

PINE LODGE is located on VICTORIA ROAD in FRESHWATER, in the PO40 postcode district. The below map shows the position of PINE LODGE on VICTORIA ROAD.