1, BIRCH CLOSE, FRESHWATER, PO40 9SD - £298,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 BIRCH CLOSE is a very small extended detached house of 85m², built sometime between 1967 and 1975. It was last sold for £298,000 in December 2016, which was around 3% above the average December 2016 detached price in the Isle of Wight local authority area. The most recent EPC inspection was April 2016, where the current energy rating was D, and the potential energy rating was B.

1 BIRCH CLOSE Sold Prices

Land registry data shows three sales for 1 BIRCH CLOSE 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 1 BIRCH CLOSE sales were for above the average price, whilst one was 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 6 DEC	£298,000	£289,331	3% above HPI
2004 22 OCT	£230,000	£237,637	3% below HPI
1999 17 AUG	£102,000	£99,752	2% above HPI

1 BIRCH CLOSE 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 1 BIRCH CLOSE sales between August 1999 and December 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 October 2004 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the December 2016 sale, where it rises to 3% above the HPI. The line then continues to track at 3% above the HPI.

How Large is 1 BIRCH CLOSE?

1 BIRCH CLOSE is 85m², which includes one extension, according to the EPC inspection conducted in April 2016. This puts it in the smallest 20% of detached houses in Colwell, based on EPC data. The below chart shows the distribution of detached houses by size in Colwell, and where 1 BIRCH CLOSE lies on this distribution: 15% of detached houses are smaller than 1 BIRCH CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Colwell.

1 BIRCH CLOSE: Plot and Title Map

1 BIRCH CLOSE sits on a plot of roughly 0.160 of an acre, or 649m². The below map shows the location of 1 BIRCH CLOSE, 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 1 BIRCH CLOSE). 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 1 BIRCH CLOSE?

1 BIRCH CLOSE is located in FRESHWATER, in the PO40 postcode district. The below map shows the position of No. 1 on BIRCH CLOSE.