CORNERWAYS, THE SQUARE, FRESHWATER, PO40 9QH - £154,500

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.

CORNERWAYS is a midsized extended detached house of 94m², built sometime between 1900 and 1929, which could now be worth an estimated £239,643. It was last sold for £154,500 in January 2015, which was around 41% below the average January 2015 detached price in the Isle of Wight local authority area. The most recent EPC inspection was August 2014, where the current energy rating was E, and the potential energy rating was C.

CORNERWAYS Sold Prices

Land registry data shows two sales for CORNERWAYS 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 CORNERWAYS sales was for below the average price, whilst the other was roughly equal to 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
2015 26 JAN	£154,500	£262,471	41% below HPI
2001 2 MAR	£130,000	£130,385	Close to HPI

CORNERWAYS 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 CORNERWAYS sales from March 2001 and January 2015 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 2001 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the January 2015 sale, where it falls to 41% below the HPI. The line then continues to track at 41% below the HPI.

What might CORNERWAYS be worth now?

CORNERWAYS might now be worth an estimated £239,643.

This is based on house price inflation of 55.1%, between January 2015 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 55.1% inflationary increase is applied to the most recent sale price for CORNERWAYS of £154,500 on 26th January 2015. For the value to have increased from £154,500 to £239,643 over the nine years and eleven months to February 2025, the following assumptions must hold true:

• The value of CORNERWAYS has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The January 2015 sale price of £154,500 represented a fair market value for the property.
• The size, condition, and specification of CORNERWAYS has not materially changed since January 2015.

How Large is CORNERWAYS?

CORNERWAYS is 94m², which includes one extension, according to the EPC inspection conducted in August 2014. This puts it in the smallest 50% of detached houses houses in Freshwater, based on EPC data. The below chart shows the distribution of detached houses houses by size in Freshwater, and where CORNERWAYS lies on this distribution: 48% of detached houses houses are smaller than CORNERWAYS, and 51% of houses are larger. Note that EPC data is not available for all properties in Freshwater.

CORNERWAYS: Plot and Title Map

CORNERWAYS sits on a plot of roughly 0.234 of an acre, or 946m². The below map shows the location of CORNERWAYS, 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 CORNERWAYS). 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 CORNERWAYS?

CORNERWAYS is located on THE SQUARE in FRESHWATER, in the PO40 postcode district. The below map shows the position of CORNERWAYS on THE SQUARE.