2, ORCHARD COTTAGES, FARRIERS WAY, SHORWELL, NEWPORT, PO30 3JW - £277,500

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.

2 ORCHARD COTTAGES is a midsized extended terraced house of 121m², built sometime before 1900, which could now be worth an estimated £304,426. It was last sold for £277,500 in January 2021, which was around 46% above the average January 2021 terraced price in the Isle of Wight local authority area. The most recent EPC inspection was August 2020, where the current energy rating was F, and the potential energy rating was D.

2 ORCHARD COTTAGES Sold Prices

Land registry data shows three sales for 2 ORCHARD COTTAGES since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Isle of Wight local authority area for the corresponding sale date. All of the three 2 ORCHARD COTTAGES 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
2021 6 JAN	£277,500	£189,756	46% above HPI
2015 28 JUL	£243,000	£145,197	67% above HPI
2004 1 DEC	£227,500	£125,900	81% above HPI

2 ORCHARD COTTAGES Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Isle of Wight local authority area over time, sourced from the HPI. The three 2 ORCHARD COTTAGES sales between December 2004 and January 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 July 2015 sale was for 67% above the HPI. So the extrapolation line tracks at 67% above the HPI over time, until the January 2021 sale, where it falls to 46% above the HPI. The line then continues to track at 46% above the HPI.

What might 2 ORCHARD COTTAGES be worth now?

2 ORCHARD COTTAGES might now be worth an estimated £304,426.

This is based on house price inflation of 9.7%, between January 2021 and June 2025, for terraced 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 9.7% inflationary increase is applied to the most recent sale price for 2 ORCHARD COTTAGES of £277,500 on 6th January 2021. For the value to have increased from £277,500 to £304,426 over the three years and seven months to June 2025, the following assumptions must hold true:

• The value of 2 ORCHARD COTTAGES has moved in line with the HPI for terraced houses in the Isle of Wight local authority area.
• The January 2021 sale price of £277,500 represented a fair market value for the property.
• The size, condition, and specification of 2 ORCHARD COTTAGES has not materially changed since January 2021.

How Large is 2 ORCHARD COTTAGES?

2 ORCHARD COTTAGES is 121m², which includes one extension, according to the EPC inspection conducted in August 2020. This puts it in the largest 50% of terraced houses houses in Shorwell, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Shorwell, and where 2 ORCHARD COTTAGES lies on this distribution: 50% of terraced houses houses are smaller than 2 ORCHARD COTTAGES, and 48% of houses are larger. Note that EPC data is not available for all properties in Shorwell.

2 ORCHARD COTTAGES: Plot and Title Map

2 ORCHARD COTTAGES sits on a plot of roughly 0.074 of an acre, or 300m². The below map shows the location of 2 ORCHARD COTTAGES, 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 2 ORCHARD COTTAGES). 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 2 ORCHARD COTTAGES?

2 ORCHARD COTTAGES is located on FARRIERS WAY in SHORWELL, in the PO30 postcode district. The below map shows the position of 2 ORCHARD COTTAGES on FARRIERS WAY.