ELMS COTTAGE, VICTORIA ROAD, FRESHWATER, PO40 9PS - £362,000

ELMS COTTAGE is a very small detached house of 62m², built sometime from 2007 onwards. It was last sold for £362,000 in May 2018, which was around 17% above the average May 2018 detached price in the Isle of Wight local authority area. The most recent EPC inspection was May 2011, where the current energy rating was C, and the potential energy rating was C.

ELMS COTTAGE Sold Prices

Land registry data shows two sales for ELMS 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 ELMS 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 16 MAY	£362,000	£308,248	17% above HPI
2012 26 JUN	£320,000	£255,713	25% above HPI

ELMS 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 ELMS COTTAGE sales from June 2012 and May 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 June 2012 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the May 2018 sale, where it falls to 17% above the HPI. The line then continues to track at 17% above the HPI.

How Large is ELMS COTTAGE?

ELMS COTTAGE is 62m² according to the EPC inspection conducted in May 2011. This puts it in the smallest 10% of detached houses in Freshwater, based on EPC data. The below chart shows the distribution of detached houses by size in Freshwater, and where ELMS COTTAGE lies on this distribution: 10% of detached houses are smaller than ELMS COTTAGE, and 90% of houses are larger. Note that EPC data is not available for all properties in Freshwater.

ELMS COTTAGE: Plot and Title Map

ELMS COTTAGE sits on a plot of roughly 0.201 of an acre, or 814m². The below map shows the location of ELMS 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 ELMS 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 ELMS COTTAGE?

ELMS COTTAGE is located on VICTORIA ROAD in FRESHWATER, in the PO40 postcode district. The below map shows the position of ELMS COTTAGE on VICTORIA ROAD.