FAIRWAYS, SOUTHDOWN ROAD, FRESHWATER, PO40 9UA - £555,000

FAIRWAYS is a very large extended detached house of 214m², built sometime before 1900. It was last sold for £555,000 in October 2017, which was around 80% above the average October 2017 detached price in the Isle of Wight local authority area. The most recent EPC inspection was June 2017, where the current energy rating was D, and the potential energy rating was B.

FAIRWAYS Sold Prices

Land registry data shows two sales for FAIRWAYS 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 FAIRWAYS 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
2017 24 OCT	£555,000	£308,033	80% above HPI
2005 7 OCT	£375,000	£243,518	54% above HPI

FAIRWAYS 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 FAIRWAYS sales from October 2005 and October 2017 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 October 2005 sale was for 54% above the HPI. So the extrapolation line tracks at 54% above the HPI over time, until the October 2017 sale, where it rises to 80% above the HPI. The line then continues to track at 80% above the HPI.

How Large is FAIRWAYS?

FAIRWAYS is 214m², which includes one extension, according to the EPC inspection conducted in June 2017. This puts it in the largest 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 FAIRWAYS lies on this distribution: 96% of detached houses are smaller than FAIRWAYS, and 4% of houses are larger. Note that EPC data is not available for all properties in Freshwater.

FAIRWAYS: Plot and Title Map

FAIRWAYS sits on a plot of roughly 0.614 of an acre, or 2,484m². The below map shows the location of FAIRWAYS, 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 FAIRWAYS). 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 FAIRWAYS?

FAIRWAYS is located on SOUTHDOWN ROAD in FRESHWATER, in the PO40 postcode district. The below map shows the position of FAIRWAYS on SOUTHDOWN ROAD.