SEAGULLS REST, COLWELL CHINE ROAD, FRESHWATER, PO40 9NP - £675,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

SEAGULLS REST is a large detached house of 154m², built sometime between 1983 and 1990. It was last sold for £675,000 in November 2022, which was around 53% above the average November 2022 detached price in the Isle of Wight local authority area. The most recent EPC inspection was August 2022, where the current energy rating was D, and the potential energy rating was B.

SEAGULLS REST Sold Prices

Land registry data shows two sales for SEAGULLS REST 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 SEAGULLS REST 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
2022 17 NOV	£675,000	£441,602	53% above HPI
2017 10 FEB	£445,000	£295,207	51% above HPI

SEAGULLS REST 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 SEAGULLS REST sales from February 2017 and November 2022 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 February 2017 sale was for 51% above the HPI. So the extrapolation line tracks at 51% above the HPI over time, until the November 2022 sale, where it rises to 53% above the HPI. The line then continues to track at 53% above the HPI.

How Large is SEAGULLS REST?

SEAGULLS REST is 154m² according to the EPC inspection conducted in August 2022. This puts it in the largest 30% of detached houses in Colwell, based on EPC data. The below chart shows the distribution of detached houses by size in Colwell, and where SEAGULLS REST lies on this distribution: 76% of detached houses are smaller than SEAGULLS REST, and 24% of houses are larger. Note that EPC data is not available for all properties in Colwell.

SEAGULLS REST: Plot and Title Map

SEAGULLS REST sits on a plot of roughly 0.179 of an acre, or 724m². The below map shows the location of SEAGULLS REST, 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 SEAGULLS REST). 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 SEAGULLS REST?

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