1, MAKINGS CLOSE, FRESHWATER, PO40 9RQ - £282,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 MAKINGS CLOSE is a small detached house of 71m², built sometime between 1991 and 1995. It was last sold for £282,000 in August 2019, which was around 14% below the average August 2019 detached price in the Isle of Wight local authority area. The most recent EPC inspection was September 2018, where the current energy rating was D, and the potential energy rating was B.

1 MAKINGS CLOSE Sold Prices

Land registry data shows three sales for 1 MAKINGS 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. All of the three 1 MAKINGS 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
2019 23 AUG	£282,000	£326,313	14% below HPI
2006 27 JUL	£245,000	£247,337	1% below HPI
1998 20 NOV	£92,000	£95,045	3% below HPI

1 MAKINGS 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 MAKINGS CLOSE sales between November 1998 and August 2019 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 July 2006 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the August 2019 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 1 MAKINGS CLOSE?

1 MAKINGS CLOSE is 71m² according to the EPC inspection conducted in September 2018. This puts it in the smallest 30% of detached houses in Freshwater, based on EPC data. The below chart shows the distribution of detached houses by size in Freshwater, and where 1 MAKINGS CLOSE lies on this distribution: 21% of detached houses are smaller than 1 MAKINGS CLOSE, and 78% of houses are larger. Note that EPC data is not available for all properties in Freshwater.

1 MAKINGS CLOSE: Plot and Title Map

1 MAKINGS CLOSE sits on a plot of roughly 0.136 of an acre, or 551m². The below map shows the location of 1 MAKINGS 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 MAKINGS 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 MAKINGS CLOSE?

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