SPRINGFIELD COTTAGE, MORTON OLD ROAD, BRADING, SANDOWN, PO36 0EN - £340,000

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

SPRINGFIELD COTTAGE is a large detached house of 122m², built sometime from 2007 onwards. It was last sold for £340,000 in October 2019, which was around 3% above the average October 2019 detached price in the Isle of Wight local authority area. The most recent EPC inspection was November 2017, where the current energy rating was C, and the potential energy rating was B.

SPRINGFIELD COTTAGE Sold Prices

Land registry data shows two sales for SPRINGFIELD COTTAGE 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 SPRINGFIELD COTTAGE 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
2019 18 OCT	£340,000	£330,575	3% above HPI
2018 6 JUL	£325,000	£312,782	4% above HPI

SPRINGFIELD COTTAGE 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 SPRINGFIELD COTTAGE sales from July 2018 and October 2019 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 July 2018 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the October 2019 sale, where it falls to 3% above the HPI. The line then continues to track at 3% above the HPI.

How Large is SPRINGFIELD COTTAGE?

SPRINGFIELD COTTAGE is 122m² according to the EPC inspection conducted in November 2017. This puts it in the largest 30% of detached houses in Brading, based on EPC data. The below chart shows the distribution of detached houses by size in Brading, and where SPRINGFIELD COTTAGE lies on this distribution: 72% of detached houses are smaller than SPRINGFIELD COTTAGE, and 28% of houses are larger. Note that EPC data is not available for all properties in Brading.

SPRINGFIELD COTTAGE: Plot and Title Map

SPRINGFIELD COTTAGE sits on a plot of roughly 0.191 of an acre, or 772m². The below map shows the location of SPRINGFIELD COTTAGE, 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 SPRINGFIELD COTTAGE). 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 SPRINGFIELD COTTAGE?

SPRINGFIELD COTTAGE is located on MORTON OLD ROAD in BRADING, in the PO36 postcode district. The below map shows the position of SPRINGFIELD COTTAGE on MORTON OLD ROAD.