14, KING EDWARD CLOSE, SHANKLIN, PO37 7DW - £426,000

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.

14 KING EDWARD CLOSE is a small detached house of 88m², built sometime between 2007 and 2011, which could now be worth an estimated £420,601. It was last sold for £426,000 in November 2023, which was around 3% above the average November 2023 detached price in the Isle of Wight local authority area. The most recent EPC inspection was June 2023, where the current energy rating was C, and the potential energy rating was B.

14 KING EDWARD CLOSE Sold Prices

Land registry data shows two sales for 14 KING EDWARD 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. One of the two 14 KING EDWARD CLOSE sales was for above the average price, whilst the other was 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
2023 7 NOV	£426,000	£412,342	3% above HPI
2012 18 MAY	£241,500	£248,753	3% below HPI

14 KING EDWARD 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 14 KING EDWARD CLOSE sales from May 2012 and November 2023 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 May 2012 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the November 2023 sale, where it rises to 3% above the HPI. The line then continues to track at 3% above the HPI.

What might 14 KING EDWARD CLOSE be worth now?

14 KING EDWARD CLOSE might now be worth an estimated £420,601.

This is based on house price deflation of 1.3%, between November 2023 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 1.3% deflationary decrease is applied to the most recent sale price for 14 KING EDWARD CLOSE of £426,000 on 7th November 2023. For the value to have decreased from £426,000 to £420,601 over the two years and nine months to February 2025, the following assumptions must hold true:

• The value of 14 KING EDWARD CLOSE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The November 2023 sale price of £426,000 represented a fair market value for the property.
• The size, condition, and specification of 14 KING EDWARD CLOSE has not materially changed since November 2023.

How Large is 14 KING EDWARD CLOSE?

14 KING EDWARD CLOSE is 88m² according to the EPC inspection conducted in June 2023. This puts it in the smallest 40% of detached houses houses in Shanklin, based on EPC data. The below chart shows the distribution of detached houses houses by size in Shanklin, and where 14 KING EDWARD CLOSE lies on this distribution: 32% of detached houses houses are smaller than 14 KING EDWARD CLOSE, and 67% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

14 KING EDWARD CLOSE: Plot and Title Map

14 KING EDWARD CLOSE sits on a plot of roughly 0.120 of an acre, or 487m². The below map shows the location of 14 KING EDWARD 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 14 KING EDWARD 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 14 KING EDWARD CLOSE?

14 KING EDWARD CLOSE is located in SHANKLIN, in the PO37 postcode district. The below map shows the position of No. 14 on KING EDWARD CLOSE.