WOODPECKERS, MADEIRA LANE, FRESHWATER, PO40 9SP - £422,000

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.

WOODPECKERS is a midsized detached house of 109m², built sometime between 1930 and 1949, which could now be worth an estimated £510,208. It was last sold for £422,000 in September 2020, which was around 25% above the average September 2020 detached price in the Isle of Wight local authority area. The most recent EPC inspection was March 2017, where the current energy rating was E, and the potential energy rating was B.

WOODPECKERS Sold Prices

Land registry data shows two sales for WOODPECKERS 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 WOODPECKERS 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
2020 11 SEP	£422,000	£336,731	25% above HPI
2018 24 AUG	£400,000	£309,777	29% above HPI

WOODPECKERS 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 WOODPECKERS sales from August 2018 and September 2020 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 August 2018 sale was for 29% above the HPI. So the extrapolation line tracks at 29% above the HPI over time, until the September 2020 sale, where it falls to 25% above the HPI. The line then continues to track at 25% above the HPI.

What might WOODPECKERS be worth now?

WOODPECKERS might now be worth an estimated £510,208.

This is based on house price inflation of 20.9%, between September 2020 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 20.9% inflationary increase is applied to the most recent sale price for WOODPECKERS of £422,000 on 11th September 2020. For the value to have increased from £422,000 to £510,208 over the five years and seven months to February 2025, the following assumptions must hold true:

• The value of WOODPECKERS has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The September 2020 sale price of £422,000 represented a fair market value for the property.
• The size, condition, and specification of WOODPECKERS has not materially changed since September 2020.

How Large is WOODPECKERS?

WOODPECKERS is 109m² according to the EPC inspection conducted in March 2017. This puts it in the smallest 50% of detached houses houses in Colwell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Colwell, and where WOODPECKERS lies on this distribution: 43% of detached houses houses are smaller than WOODPECKERS, and 54% of houses are larger. Note that EPC data is not available for all properties in Colwell.

WOODPECKERS: Plot and Title Map

WOODPECKERS sits on a plot of roughly 0.198 of an acre, or 803m². The below map shows the location of WOODPECKERS, 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 WOODPECKERS). 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 WOODPECKERS?

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