SPRINGFIELD, WINDMILL LANE, FRESHWATER, PO40 9DX - £270,000

SPRINGFIELD is a large extended detached house of 106m², built sometime before 1900. It was last sold for £270,000 in July 2016, which was around 7% below the average July 2016 detached price in the Isle of Wight local authority area. The most recent EPC inspection was February 2016, where the current energy rating was D, and the potential energy rating was B.

SPRINGFIELD Sold Prices

Land registry data shows three sales for SPRINGFIELD 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 SPRINGFIELD 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
2016 1 JUL	£270,000	£289,666	7% below HPI
2006 10 NOV	£163,000	£254,508	36% below HPI
1995 27 OCT	£47,000	£69,416	32% below HPI

SPRINGFIELD 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 SPRINGFIELD sales between October 1995 and July 2016 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 November 2006 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the July 2016 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is SPRINGFIELD?

SPRINGFIELD is 106m², which includes one extension, according to the EPC inspection conducted in February 2016. This puts it in the largest 40% of detached houses in Freshwater, based on EPC data. The below chart shows the distribution of detached houses by size in Freshwater, and where SPRINGFIELD lies on this distribution: 60% of detached houses are smaller than SPRINGFIELD, and 39% of houses are larger. Note that EPC data is not available for all properties in Freshwater.

SPRINGFIELD: Plot and Title Map

SPRINGFIELD sits on a plot of roughly 0.066 of an acre, or 268m². The below map shows the location of SPRINGFIELD, 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 SPRINGFIELD). 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 SPRINGFIELD?

SPRINGFIELD is located on WINDMILL LANE in FRESHWATER, in the PO40 postcode district. The below map shows the position of SPRINGFIELD on WINDMILL LANE.