REDCROFT, COLWELL ROAD, FRESHWATER, PO40 9SW - £540,000

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

REDCROFT is a large extended detached house of 145m², built sometime between 1930 and 1949. It was last sold for £540,000 in January 2023, which was around 24% above the average January 2023 detached price in the Isle of Wight local authority area. The most recent EPC inspection was July 2015, where the current energy rating was C, and the potential energy rating was C.

REDCROFT Sold Prices

Land registry data shows three sales for REDCROFT 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. All of the three REDCROFT 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
2023 25 JAN	£540,000	£437,223	24% above HPI
1998 4 NOV	£159,000	£95,045	67% above HPI
1997 15 MAY	£90,000	£76,595	18% above HPI

REDCROFT 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 REDCROFT sales between May 1997 and January 2023 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 1998 sale was for 67% above the HPI. So the extrapolation line tracks at 67% above the HPI over time, until the January 2023 sale, where it falls to 24% above the HPI. The line then continues to track at 24% above the HPI.

How Large is REDCROFT?

REDCROFT is 145m², which includes two extensions, according to the EPC inspection conducted in July 2015. This puts it in the largest 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 REDCROFT lies on this distribution: 69% of detached houses are smaller than REDCROFT, and 31% of houses are larger. Note that EPC data is not available for all properties in Colwell.

REDCROFT: Plot and Title Map

REDCROFT sits on a plot of roughly 0.260 of an acre, or 1,052m². The below map shows the location of REDCROFT, 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 REDCROFT). 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 REDCROFT?

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