TOPSAILS, COLWELL CHINE ROAD, FRESHWATER, PO40 9NP - £500,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

TOPSAILS is a midsized extended detached house of 113m², built sometime between 1967 and 1975. It was last sold for £500,000 in June 2023, which was around 16% above the average June 2023 detached price in the Isle of Wight local authority area. The most recent EPC inspection was December 2022, where the current energy rating was D, and the potential energy rating was C.

TOPSAILS Sold Prices

Land registry data shows three sales for TOPSAILS 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. Two of the three TOPSAILS sales were for above the average price, whilst one was 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
2023 26 JUN	£500,000	£429,262	16% above HPI
2017 5 DEC	£350,000	£309,102	13% above HPI
1996 23 SEP	£67,000	£71,831	7% below HPI

TOPSAILS 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 TOPSAILS sales between September 1996 and June 2023 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 2017 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the June 2023 sale, where it rises to 16% above the HPI. The line then continues to track at 16% above the HPI.

How Large is TOPSAILS?

TOPSAILS is 113m², which includes one extension, according to the EPC inspection conducted in December 2022. This puts it in the largest 50% of detached houses in Colwell, based on EPC data. The below chart shows the distribution of detached houses by size in Colwell, and where TOPSAILS lies on this distribution: 50% of detached houses are smaller than TOPSAILS, and 49% of houses are larger. Note that EPC data is not available for all properties in Colwell.

TOPSAILS: Plot and Title Map

TOPSAILS sits on a plot of roughly 0.145 of an acre, or 587m². The below map shows the location of TOPSAILS, 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 TOPSAILS). 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 TOPSAILS?

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