TIMBERHITCH, COLWELL CHINE ROAD, FRESHWATER, PO40 9NR - £225,000

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

TIMBERHITCH is a very small detached house of 71m², built sometime between 2003 and 2006. It was last sold for £225,000 in September 2009, which was around 7% below the average September 2009 detached price in the Isle of Wight local authority area. The most recent EPC inspection was November 2008, where the current energy rating was C, and the potential energy rating was C.

TIMBERHITCH Sold Prices

Land registry data shows two sales for TIMBERHITCH 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. One of the two TIMBERHITCH sales was for below the average price, whilst the other was 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
2009 29 SEP	£225,000	£241,354	7% below HPI
2005 16 DEC	£250,000	£239,402	4% above HPI

TIMBERHITCH 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 TIMBERHITCH sales from December 2005 and September 2009 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 December 2005 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the September 2009 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is TIMBERHITCH?

TIMBERHITCH is 71m² according to the EPC inspection conducted in November 2008. This puts it in the smallest 10% of detached houses in Colwell, based on EPC data. The below chart shows the distribution of detached houses by size in Colwell, and where TIMBERHITCH lies on this distribution: 4% of detached houses are smaller than TIMBERHITCH, and 96% of houses are larger. Note that EPC data is not available for all properties in Colwell.

TIMBERHITCH: Plot and Title Map

TIMBERHITCH sits on a plot of roughly 0.104 of an acre, or 421m². The below map shows the location of TIMBERHITCH, 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 TIMBERHITCH). 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 TIMBERHITCH?

TIMBERHITCH is located on COLWELL CHINE ROAD in FRESHWATER, in the PO40 postcode district. The below map shows the position of TIMBERHITCH on COLWELL CHINE ROAD.