1, JUBILEE CLOSE, GODSHILL, VENTNOR, PO38 3HD - £242,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 JUBILEE CLOSE is a very small detached house of 74m², built sometime between 1967 and 1975, which could now be worth an estimated £340,895. It was last sold for £242,500 in September 2016, which was around 16% below the average September 2016 detached price in the Isle of Wight local authority area. The most recent EPC inspection was June 2016, where the current energy rating was D, and the potential energy rating was B.

1 JUBILEE CLOSE Sold Prices

Land registry data shows two sales for 1 JUBILEE CLOSE 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 1 JUBILEE CLOSE 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 9 SEP	£242,500	£289,607	16% below HPI
2016 20 APR	£195,000	£282,834	31% below HPI

1 JUBILEE 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 two 1 JUBILEE CLOSE sales from April 2016 and September 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 April 2016 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the September 2016 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 1 JUBILEE CLOSE be worth now?

1 JUBILEE CLOSE might now be worth an estimated £340,895.

This is based on house price inflation of 40.6%, between September 2016 and February 2025, for detached houses, in the Isle of Wight local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 40.6% inflationary increase is applied to the most recent sale price for 1 JUBILEE CLOSE of £242,500 on 9th September 2016. For the value to have increased from £242,500 to £340,895 over the nine years and seven months to February 2025, the following assumptions must hold true:

• The value of 1 JUBILEE CLOSE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The September 2016 sale price of £242,500 represented a fair market value for the property.
• The size, condition, and specification of 1 JUBILEE CLOSE has not materially changed since September 2016.

How Large is 1 JUBILEE CLOSE?

1 JUBILEE CLOSE is 74m² according to the EPC inspection conducted in June 2016. This puts it in the smallest 20% of detached houses houses in Godshill, based on EPC data. The below chart shows the distribution of detached houses houses by size in Godshill, and where 1 JUBILEE CLOSE lies on this distribution: 11% of detached houses houses are smaller than 1 JUBILEE CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Godshill.

1 JUBILEE CLOSE: Plot and Title Map

1 JUBILEE CLOSE sits on a plot of roughly 0.080 of an acre, or 323m². The below map shows the location of 1 JUBILEE 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 JUBILEE 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 JUBILEE CLOSE?

1 JUBILEE CLOSE is located in GODSHILL, in the PO38 postcode district. The below map shows the position of No. 1 on JUBILEE CLOSE.