THE FIRS, SOUTHDOWN ROAD, FRESHWATER, PO40 9UA - £240,000

THE FIRS is a very large detached house of 225m². It was last sold for £240,000 in November 2016, which was around 17% below the average November 2016 detached price in the Isle of Wight local authority area. The most recent EPC inspection was October 2018, where the current energy rating was A, and the potential energy rating was A.

THE FIRS Sold Prices

Land registry data shows three sales for THE FIRS 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. Two of the three THE FIRS sales were for below the average price, whilst one was 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
2016 21 NOV	£240,000	£290,578	17% below HPI
2015 16 MAR	£190,000	£259,833	27% below HPI
1998 30 JAN	£120,000	£83,843	43% above HPI

THE FIRS 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 THE FIRS sales between January 1998 and November 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 March 2015 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the November 2016 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is THE FIRS?

THE FIRS is 225m² according to the EPC inspection conducted in October 2018. 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 THE FIRS lies on this distribution: 97% of detached houses are smaller than THE FIRS, and 3% of houses are larger. Note that EPC data is not available for all properties in Freshwater.

THE FIRS: Plot and Title Map

THE FIRS sits on a plot of roughly 0.437 of an acre, or 1,770m². The below map shows the location of THE FIRS, 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 THE FIRS). 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 THE FIRS?

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