THE COTTAGE, HIGH STREET, FRESHWATER, PO40 9JU - £145,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

THE COTTAGE is a very small extended detached house of 51m², built sometime between 1900 and 1929. It was last sold for £145,000 in November 2010, which was around 43% below the average November 2010 detached price in the Isle of Wight local authority area. The most recent EPC inspection was March 2018, where the current energy rating was D, and the potential energy rating was B.

THE COTTAGE Sold Prices

Land registry data shows three sales for THE COTTAGE 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 THE COTTAGE 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
2010 10 NOV	£145,000	£255,326	43% below HPI
2002 26 JUN	£79,995	£162,028	51% below HPI
2001 7 DEC	£72,000	£152,206	53% below HPI

THE 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 three THE COTTAGE sales between December 2001 and November 2010 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 June 2002 sale was for 51% below the HPI. So the extrapolation line tracks at 51% below the HPI over time, until the November 2010 sale, where it rises to 43% below the HPI. The line then continues to track at 43% below the HPI.

How Large is THE COTTAGE?

THE COTTAGE is 51m², which includes one extension, according to the EPC inspection conducted in March 2018. This puts it in the smallest 10% of detached houses in Freshwater, based on EPC data. The below chart shows the distribution of detached houses by size in Freshwater, and where THE COTTAGE lies on this distribution: 2% of detached houses are smaller than THE COTTAGE, and 98% of houses are larger. Note that EPC data is not available for all properties in Freshwater.

THE COTTAGE: Plot and Title Map

THE COTTAGE sits on a plot of roughly 0.033 of an acre, or 134m². The below map shows the location of THE 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 THE 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 THE COTTAGE?

THE COTTAGE is located on HIGH STREET in FRESHWATER, in the PO40 postcode district. The below map shows the position of THE COTTAGE on HIGH STREET.