SPRINGFIELD, WINDMILL LANE, FRESHWATER, PO40 9DX - £270,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

SPRINGFIELD is a large extended detached house of 106m², built sometime before 1900, which could now be worth an estimated £387,555. It was last sold for £270,000 in July 2016, which was around 5% below the average July 2016 detached price in the Isle of Wight local authority area. The most recent EPC inspection was February 2016, where the current energy rating was D, and the potential energy rating was B.

SPRINGFIELD Sold Prices

Land registry data shows three sales for SPRINGFIELD 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 SPRINGFIELD 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
2016 1 JUL	£270,000	£283,628	5% below HPI
2006 10 NOV	£163,000	£249,202	35% below HPI
1995 27 OCT	£47,000	£67,969	31% below HPI

SPRINGFIELD 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 SPRINGFIELD sales between October 1995 and July 2016 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 2006 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the July 2016 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might SPRINGFIELD be worth now?

SPRINGFIELD might now be worth an estimated £387,555.

This is based on house price inflation of 43.5%, between July 2016 and February 2025, for detached houses, in the Isle of Wight local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 43.5% inflationary increase is applied to the most recent sale price for SPRINGFIELD of £270,000 on 1st July 2016. For the value to have increased from £270,000 to £387,555 over the nine years and five months to February 2025, the following assumptions must hold true:

• The value of SPRINGFIELD has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The July 2016 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of SPRINGFIELD has not materially changed since July 2016.

How Large is SPRINGFIELD?

SPRINGFIELD is 106m², which includes one extension, according to the EPC inspection conducted in February 2016. This puts it in the largest 40% of detached houses houses in Freshwater, based on EPC data. The below chart shows the distribution of detached houses houses by size in Freshwater, and where SPRINGFIELD lies on this distribution: 60% of detached houses houses are smaller than SPRINGFIELD, and 39% of houses are larger. Note that EPC data is not available for all properties in Freshwater.

SPRINGFIELD: Plot and Title Map

SPRINGFIELD sits on a plot of roughly 0.066 of an acre, or 268m². The below map shows the location of SPRINGFIELD, 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). 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?

SPRINGFIELD is located on WINDMILL LANE in FRESHWATER, in the PO40 postcode district. The below map shows the position of SPRINGFIELD on WINDMILL LANE.