SPINDRIFT, HEATHFIELD ROAD, FRESHWATER, PO40 9SH - £395,000

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

SPINDRIFT is a midsized extended detached house of 111m², built sometime between 1967 and 1975. It was last sold for £395,000 in April 2022, which was around 4% below the average April 2022 detached price in the Isle of Wight local authority area. The most recent EPC inspection was September 2021, where the current energy rating was C, and the potential energy rating was B.

SPINDRIFT Sold Prices

Land registry data shows two sales for SPINDRIFT 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 SPINDRIFT sales were 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
2022 28 APR	£395,000	£409,792	4% below HPI
2009 9 JAN	£210,000	£239,074	12% below HPI

SPINDRIFT 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 SPINDRIFT sales from January 2009 and April 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 January 2009 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the April 2022 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

How Large is SPINDRIFT?

SPINDRIFT is 111m², which includes one extension, according to the EPC inspection conducted in September 2021. This puts it in the smallest 50% of detached houses in Colwell, based on EPC data. The below chart shows the distribution of detached houses by size in Colwell, and where SPINDRIFT lies on this distribution: 47% of detached houses are smaller than SPINDRIFT, and 52% of houses are larger. Note that EPC data is not available for all properties in Colwell.

SPINDRIFT: Plot and Title Map

SPINDRIFT sits on a plot of roughly 0.263 of an acre, or 1,066m². The below map shows the location of SPINDRIFT, 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 SPINDRIFT). 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 SPINDRIFT?

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