1, MEADOW CLOSE, BEMBRIDGE, PO35 5YJ - £425,000

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 MEADOW CLOSE is a midsized extended detached house of 105m², built sometime between 1967 and 1975, which could now be worth an estimated £480,019. It was last sold for £425,000 in December 2020, which was around 18% above the average December 2020 detached price in the Isle of Wight local authority area. The most recent EPC inspection was May 2017, where the current energy rating was C, and the potential energy rating was B.

1 MEADOW CLOSE Sold Prices

Land registry data shows three sales for 1 MEADOW 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 MEADOW CLOSE sales were 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
2020 8 DEC	£425,000	£360,453	18% above HPI
2017 18 JUL	£335,000	£295,050	14% above HPI
2005 11 APR	£270,000	£232,018	16% above HPI

1 MEADOW 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 MEADOW CLOSE sales between April 2005 and December 2020 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 2017 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the December 2020 sale, where it rises to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might 1 MEADOW CLOSE be worth now?

1 MEADOW CLOSE might now be worth an estimated £480,019.

This is based on house price inflation of 12.9%, between December 2020 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 12.9% inflationary increase is applied to the most recent sale price for 1 MEADOW CLOSE of £425,000 on 8th December 2020. For the value to have increased from £425,000 to £480,019 over the five years and ten months to February 2025, the following assumptions must hold true:

• The value of 1 MEADOW CLOSE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The December 2020 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of 1 MEADOW CLOSE has not materially changed since December 2020.

How Large is 1 MEADOW CLOSE?

1 MEADOW CLOSE is 105m², which includes one extension, according to the EPC inspection conducted in May 2017. This puts it in the smallest 50% of detached houses houses in Bembridge, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bembridge, and where 1 MEADOW CLOSE lies on this distribution: 42% of detached houses houses are smaller than 1 MEADOW CLOSE, and 58% of houses are larger. Note that EPC data is not available for all properties in Bembridge.

1 MEADOW CLOSE: Plot and Title Map

1 MEADOW CLOSE sits on a plot of roughly 0.153 of an acre, or 621m². The below map shows the location of 1 MEADOW 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 MEADOW 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 MEADOW CLOSE?

1 MEADOW CLOSE is located in BEMBRIDGE, in the PO35 postcode district. The below map shows the position of No. 1 on MEADOW CLOSE.