2, THE SHEILINGS, FRESHWATER, PO40 9LL - £222,500

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 THE SHEILINGS is a very small detached house of 75m², built sometime between 1967 and 1975, which could now be worth an estimated £342,750. It was last sold for £222,500 in December 2014, which was around 16% below the average December 2014 detached price in the Isle of Wight local authority area. The most recent EPC inspection was September 2014, where the current energy rating was D, and the potential energy rating was B.

2 THE SHEILINGS Sold Prices

Land registry data shows three sales for 2 THE SHEILINGS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. All of the three 2 THE SHEILINGS 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
2014 5 DEC	£222,500	£264,284	16% below HPI
2004 17 MAR	£154,000	£206,280	25% below HPI
1997 2 MAY	£69,000	£74,998	8% below HPI

2 THE SHEILINGS 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 three 2 THE SHEILINGS sales between May 1997 and December 2014 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 March 2004 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the December 2014 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 2 THE SHEILINGS be worth now?

2 THE SHEILINGS might now be worth an estimated £342,750.

This is based on house price inflation of 54%, between December 2014 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 54% inflationary increase is applied to the most recent sale price for 2 THE SHEILINGS of £222,500 on 5th December 2014. For the value to have increased from £222,500 to £342,750 over the eleven years and ten months to February 2025, the following assumptions must hold true:

• The value of 2 THE SHEILINGS has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The December 2014 sale price of £222,500 represented a fair market value for the property.
• The size, condition, and specification of 2 THE SHEILINGS has not materially changed since December 2014.

How Large is 2 THE SHEILINGS?

2 THE SHEILINGS is 75m² according to the EPC inspection conducted in September 2014. This puts it in the smallest 10% 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 2 THE SHEILINGS lies on this distribution: 7% of detached houses houses are smaller than 2 THE SHEILINGS, and 93% of houses are larger. Note that EPC data is not available for all properties in Colwell.

2 THE SHEILINGS: Plot and Title Map

2 THE SHEILINGS sits on a plot of roughly 0.110 of an acre, or 447m². The below map shows the location of 2 THE SHEILINGS, 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 THE SHEILINGS). 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 THE SHEILINGS?

2 THE SHEILINGS is located in FRESHWATER, in the PO40 postcode district. The below map shows the position of No. 2 on THE SHEILINGS.