SPRING HILL, COLWELL ROAD, FRESHWATER, PO40 9SW - £517,500

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

SPRING HILL is a large extended detached house of 151m², built sometime between 1983 and 1990. It was last sold for £517,500 in March 2021, which was around 42% above the average March 2021 detached price in the Isle of Wight local authority area. The most recent EPC inspection was September 2020, where the current energy rating was D, and the potential energy rating was C.

SPRING HILL Sold Prices

Land registry data shows three sales for SPRING HILL 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 SPRING HILL 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
2021 31 MAR	£517,500	£364,254	42% above HPI
2009 3 NOV	£355,000	£250,879	42% above HPI
2006 28 JUN	£390,000	£246,936	58% above HPI

SPRING HILL 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 SPRING HILL sales between June 2006 and March 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 2009 sale was for 42% above the HPI. So the extrapolation line tracks at 42% above the HPI over time, until the March 2021 sale, which was also at 42% above the HPI.

How Large is SPRING HILL?

SPRING HILL is 151m², which includes one extension, according to the EPC inspection conducted in September 2020. 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 SPRING HILL lies on this distribution: 75% of detached houses are smaller than SPRING HILL, and 25% of houses are larger. Note that EPC data is not available for all properties in Colwell.

SPRING HILL: Plot and Title Map

SPRING HILL sits on a plot of roughly 0.195 of an acre, or 789m². The below map shows the location of SPRING HILL, 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 SPRING HILL). 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 SPRING HILL?

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