1, WITBANK CLOSE, SHANKLIN, PO37 7DQ - £320,000

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 WITBANK CLOSE is a small extended detached house of 84m², built sometime between 1967 and 1975. It was last sold for £320,000 in September 2021, which was around 14% below the average September 2021 detached price in the Isle of Wight local authority area. The most recent EPC inspection was October 2016, where the current energy rating was E, and the potential energy rating was B.

1 WITBANK CLOSE Sold Prices

Land registry data shows two sales for 1 WITBANK 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 WITBANK 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
2021 15 SEP	£320,000	£372,037	14% below HPI
1997 6 NOV	£76,000	£83,780	9% below HPI

1 WITBANK 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 WITBANK CLOSE sales from November 1997 and September 2021 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 November 1997 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the September 2021 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 1 WITBANK CLOSE?

1 WITBANK CLOSE is 84m², which includes one extension, according to the EPC inspection conducted in October 2016. This puts it in the smallest 30% of detached houses in Shanklin, based on EPC data. The below chart shows the distribution of detached houses by size in Shanklin, and where 1 WITBANK CLOSE lies on this distribution: 27% of detached houses are smaller than 1 WITBANK CLOSE, and 72% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

1 WITBANK CLOSE: Plot and Title Map

1 WITBANK CLOSE sits on a plot of roughly 0.088 of an acre, or 357m². The below map shows the location of 1 WITBANK 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 WITBANK 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 WITBANK CLOSE?

1 WITBANK CLOSE is located in SHANKLIN, in the PO37 postcode district. The below map shows the position of No. 1 on WITBANK CLOSE.