THE COTTAGE, STATION ROAD, NINGWOOD, YARMOUTH, PO41 0TQ - £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

THE COTTAGE is a midsized extended detached house of 116m², built sometime before 1900. It was last sold for £340,000 in May 2018, which was around 10% above the average May 2018 detached price in the Isle of Wight local authority area. The most recent EPC inspection was October 2023, where the current energy rating was E, and the potential energy rating was B.

THE COTTAGE Sold Prices

Land registry data shows two sales for THE 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 THE 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
2018 31 MAY	£340,000	£308,248	10% above HPI
2005 13 APR	£315,000	£236,958	33% above 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 two THE COTTAGE sales from April 2005 and May 2018 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 April 2005 sale was for 33% above the HPI. So the extrapolation line tracks at 33% above the HPI over time, until the May 2018 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

How Large is THE COTTAGE?

THE COTTAGE is 116m², which includes two extensions, according to the EPC inspection conducted in October 2023. This puts it in the largest 50% of detached houses in Ningwood, based on EPC data. The below chart shows the distribution of detached houses by size in Ningwood, and where THE COTTAGE lies on this distribution: 50% of detached houses are smaller than THE COTTAGE, and 50% of houses are larger. Note that EPC data is not available for all properties in Ningwood.

THE COTTAGE: Plot and Title Map

THE COTTAGE sits on a plot of roughly 0.138 of an acre, or 558m². 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 STATION ROAD in NINGWOOD, in the PO41 postcode district. The below map shows the position of THE COTTAGE on STATION ROAD.