TREFIRS, MADEIRA LANE, FRESHWATER, PO40 9SP - £350,000

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

TREFIRS is a very small detached house of 76m², built sometime between 1967 and 1975. It was last sold for £350,000 in September 2021, which was around 6% below the average September 2021 detached price in the Isle of Wight local authority area. The most recent EPC inspection was May 2021, where the current energy rating was E, and the potential energy rating was B.

TREFIRS Sold Prices

Land registry data shows two sales for TREFIRS 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 TREFIRS 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
2021 10 SEP	£350,000	£372,037	6% below HPI
2004 25 JUN	£205,000	£221,074	7% below HPI

TREFIRS 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 TREFIRS sales from June 2004 and September 2021 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 June 2004 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the September 2021 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is TREFIRS?

TREFIRS is 76m² according to the EPC inspection conducted in May 2021. 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 TREFIRS lies on this distribution: 8% of detached houses are smaller than TREFIRS, and 92% of houses are larger. Note that EPC data is not available for all properties in Colwell.

TREFIRS: Plot and Title Map

TREFIRS sits on a plot of roughly 0.113 of an acre, or 457m². The below map shows the location of TREFIRS, 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 TREFIRS). 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 TREFIRS?

TREFIRS is located on MADEIRA LANE in FRESHWATER, in the PO40 postcode district. The below map shows the position of TREFIRS on MADEIRA LANE.