THE COTTAGE, STATION ROAD, NINGWOOD, YARMOUTH, PO41 0TQ - £340,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

THE COTTAGE is a midsized extended detached house of 116m², built sometime before 1900, which could now be worth an estimated £458,613. It was last sold for £340,000 in May 2018, which was around 13% 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	£301,822	13% above HPI
2005 13 APR	£315,000	£232,018	36% 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 36% above the HPI. So the extrapolation line tracks at 36% above the HPI over time, until the May 2018 sale, where it falls to 13% above the HPI. The line then continues to track at 13% above the HPI.

What might THE COTTAGE be worth now?

THE COTTAGE might now be worth an estimated £458,613.

This is based on house price inflation of 34.9%, between May 2018 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 34.9% inflationary increase is applied to the most recent sale price for THE COTTAGE of £340,000 on 31st May 2018. For the value to have increased from £340,000 to £458,613 over the seven years and three months to February 2025, the following assumptions must hold true:

• The value of THE COTTAGE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The May 2018 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of THE COTTAGE has not materially changed since May 2018.

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 houses in Ningwood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ningwood, and where THE COTTAGE lies on this distribution: 50% of detached houses 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.