11, OLD SCHOOL CLOSE, FRESHWATER, PO40 9FT - £245,000

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.

11 OLD SCHOOL CLOSE is a small detached house of 86m², which could now be worth an estimated £318,255. It was last sold for £245,000 in July 2019, which was around 22% below the average July 2019 detached price in the Isle of Wight local authority area. The most recent EPC inspection was June 2015, where the current energy rating was B, and the potential energy rating was A.

11 OLD SCHOOL CLOSE Sold Prices

Land registry data shows two sales for 11 OLD SCHOOL 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 11 OLD SCHOOL 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 31 JUL	£245,000	£313,407	22% below HPI
2015 1 SEP	£220,000	£278,133	21% below HPI

11 OLD SCHOOL 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 11 OLD SCHOOL CLOSE sales from September 2015 and July 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 September 2015 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the July 2019 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 11 OLD SCHOOL CLOSE be worth now?

11 OLD SCHOOL CLOSE might now be worth an estimated £318,255.

This is based on house price inflation of 29.9%, between July 2019 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 29.9% inflationary increase is applied to the most recent sale price for 11 OLD SCHOOL CLOSE of £245,000 on 31st July 2019. For the value to have increased from £245,000 to £318,255 over the six years and five months to February 2025, the following assumptions must hold true:

• The value of 11 OLD SCHOOL CLOSE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The July 2019 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 11 OLD SCHOOL CLOSE has not materially changed since July 2019.

How Large is 11 OLD SCHOOL CLOSE?

11 OLD SCHOOL CLOSE is 86m² according to the EPC inspection conducted in June 2015. This puts it in the smallest 40% of detached houses houses in Freshwater, based on EPC data. The below chart shows the distribution of detached houses houses by size in Freshwater, and where 11 OLD SCHOOL CLOSE lies on this distribution: 38% of detached houses houses are smaller than 11 OLD SCHOOL CLOSE, and 61% of houses are larger. Note that EPC data is not available for all properties in Freshwater.

11 OLD SCHOOL CLOSE: Plot and Title Map

11 OLD SCHOOL CLOSE sits on a plot of roughly 0.078 of an acre, or 316m². The below map shows the location of 11 OLD SCHOOL 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 11 OLD SCHOOL 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 11 OLD SCHOOL CLOSE?

11 OLD SCHOOL CLOSE is located in FRESHWATER, in the PO40 postcode district. The below map shows the position of No. 11 on OLD SCHOOL CLOSE.