WOODBINE COTTAGE, SOLENT ROAD, CRANMORE, YARMOUTH, PO41 0XZ - £467,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

WOODBINE COTTAGE is a midsized extended detached house of 129m², built sometime between 1967 and 1975, which could now be worth an estimated £613,742. It was last sold for £467,000 in August 2018, which was around 51% above the average August 2018 detached price in the Isle of Wight local authority area. The most recent EPC inspection was July 2020, where the current energy rating was D, and the potential energy rating was C.

WOODBINE COTTAGE Sold Prices

Land registry data shows two sales for WOODBINE COTTAGE 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 WOODBINE COTTAGE sales were 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
2018 29 AUG	£467,000	£309,777	51% above HPI
2012 24 JAN	£285,000	£245,036	16% above HPI

WOODBINE COTTAGE 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 WOODBINE COTTAGE sales from January 2012 and August 2018 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 January 2012 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the August 2018 sale, where it rises to 51% above the HPI. The line then continues to track at 51% above the HPI.

What might WOODBINE COTTAGE be worth now?

WOODBINE COTTAGE might now be worth an estimated £613,742.

This is based on house price inflation of 31.4%, between August 2018 and February 2025, for detached houses, in the Isle of Wight local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 31.4% inflationary increase is applied to the most recent sale price for WOODBINE COTTAGE of £467,000 on 29th August 2018. For the value to have increased from £467,000 to £613,742 over the seven years and six months to February 2025, the following assumptions must hold true:

• The value of WOODBINE COTTAGE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The August 2018 sale price of £467,000 represented a fair market value for the property.
• The size, condition, and specification of WOODBINE COTTAGE has not materially changed since August 2018.

How Large is WOODBINE COTTAGE?

WOODBINE COTTAGE is 129m², which includes one extension, according to the EPC inspection conducted in July 2020. This puts it in the largest 50% of detached houses houses in Cranmore, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cranmore, and where WOODBINE COTTAGE lies on this distribution: 54% of detached houses houses are smaller than WOODBINE COTTAGE, and 44% of houses are larger. Note that EPC data is not available for all properties in Cranmore.

WOODBINE COTTAGE: Plot and Title Map

WOODBINE COTTAGE sits on a plot of roughly 2.3 acres, or 9,256m². The below map shows the location of WOODBINE COTTAGE, 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 WOODBINE COTTAGE). 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 WOODBINE COTTAGE?

WOODBINE COTTAGE is located on SOLENT ROAD in CRANMORE, in the PO41 postcode district. The below map shows the position of WOODBINE COTTAGE on SOLENT ROAD.