SPINFISH, QUEENS ROAD, FRESHWATER, PO40 9EP - £290,000

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

SPINFISH is a small detached house of 86m², built sometime between 1950 and 1966. It was last sold for £290,000 in January 2024, which was around 32% below the average January 2024 detached price in the Isle of Wight local authority area. The most recent EPC inspection was November 2018, where the current energy rating was F, and the potential energy rating was B.

SPINFISH Sold Prices

Land registry data shows two sales for SPINFISH 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 SPINFISH 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
2024 26 JAN	£290,000	£424,950	32% below HPI
2000 11 OCT	£124,000	£127,735	3% below HPI

SPINFISH 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 SPINFISH sales from October 2000 and January 2024 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 October 2000 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the January 2024 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is SPINFISH?

SPINFISH is 86m² according to the EPC inspection conducted in November 2018. This puts it in the smallest 40% of detached houses in Freshwater, based on EPC data. The below chart shows the distribution of detached houses by size in Freshwater, and where SPINFISH lies on this distribution: 39% of detached houses are smaller than SPINFISH, and 61% of houses are larger. Note that EPC data is not available for all properties in Freshwater.

SPINFISH: Plot and Title Map

SPINFISH sits on a plot of roughly 0.110 of an acre, or 446m². The below map shows the location of SPINFISH, 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 SPINFISH). 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 SPINFISH?

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