WATERSMEET, NEW ROAD, BRIGHSTONE, NEWPORT, PO30 4BB - £495,000

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

WATERSMEET is a large extended detached house of 119m², built sometime between 1967 and 1975. It was last sold for £495,000 in August 2024, which was around 26% above the average August 2024 detached price in the Isle of Wight local authority area. The most recent EPC inspection was September 2023, where the current energy rating was E, and the potential energy rating was D.

WATERSMEET Sold Prices

Land registry data shows two sales for WATERSMEET 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 WATERSMEET sales was for above the average price, whilst the other 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
2024 13 AUG	£495,000	£394,293	26% above HPI
2019 28 JUN	£225,000	£324,760	31% below HPI

WATERSMEET 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 WATERSMEET sales from June 2019 and August 2024 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 2019 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the August 2024 sale, where it rises to 26% above the HPI. The line then continues to track at 26% above the HPI.

How Large is WATERSMEET?

WATERSMEET is 119m², which includes one extension, according to the EPC inspection conducted in September 2023. This puts it in the largest 40% of detached houses in Brighstone, based on EPC data. The below chart shows the distribution of detached houses by size in Brighstone, and where WATERSMEET lies on this distribution: 66% of detached houses are smaller than WATERSMEET, and 34% of houses are larger. Note that EPC data is not available for all properties in Brighstone.

WATERSMEET: Plot and Title Map

WATERSMEET sits on a plot of roughly 0.092 of an acre, or 371m². The below map shows the location of WATERSMEET, 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 WATERSMEET). 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 WATERSMEET?

WATERSMEET is located on NEW ROAD in BRIGHSTONE, in the PO30 postcode district. The below map shows the position of WATERSMEET on NEW ROAD.