THE FRONTAGE, NEW VILLAGE, FRESHWATER, PO40 9HU - £245,000

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 FRONTAGE is a midsized extended detached house of 92m², built sometime before 1900. It was last sold for £245,000 in October 2019, which was around 26% below the average October 2019 detached price in the Isle of Wight local authority area. The most recent EPC inspection was May 2010, where the current energy rating was D, and the potential energy rating was C.

THE FRONTAGE Sold Prices

Land registry data shows three sales for THE FRONTAGE 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 FRONTAGE 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
2019 16 OCT	£245,000	£330,575	26% below HPI
2018 26 FEB	£189,000	£307,887	39% below HPI
2003 9 JAN	£87,000	£185,172	53% below HPI

THE FRONTAGE 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 FRONTAGE sales between January 2003 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 February 2018 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the October 2019 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is THE FRONTAGE?

THE FRONTAGE is 92m², which includes one extension, according to the EPC inspection conducted in May 2010. This puts it in the smallest 50% 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 FRONTAGE lies on this distribution: 48% of detached houses are smaller than THE FRONTAGE, and 52% of houses are larger. Note that EPC data is not available for all properties in Freshwater.

THE FRONTAGE: Plot and Title Map

THE FRONTAGE sits on a plot of roughly 0.036 of an acre, or 146m². The below map shows the location of THE FRONTAGE, 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 FRONTAGE). 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 FRONTAGE?

THE FRONTAGE is located on NEW VILLAGE in FRESHWATER, in the PO40 postcode district. The below map shows the position of THE FRONTAGE on NEW VILLAGE.