15, SPITHEAD CLOSE, SEAVIEW, PO34 5AZ - £490,000

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.

15 SPITHEAD CLOSE is a large detached house of 158m², built sometime between 1991 and 1995, which could now be worth an estimated £636,941. It was last sold for £490,000 in November 2018, which was around 56% above the average November 2018 detached price in the Isle of Wight local authority area. The most recent EPC inspection was November 2013, where the current energy rating was D, and the potential energy rating was B.

15 SPITHEAD CLOSE Sold Prices

Land registry data shows two sales for 15 SPITHEAD 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 15 SPITHEAD 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
2018 9 NOV	£490,000	£313,195	56% above HPI
1995 9 MAY	£132,000	£66,782	98% above HPI

15 SPITHEAD 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 15 SPITHEAD CLOSE sales from May 1995 and November 2018 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 1995 sale was for 98% above the HPI. So the extrapolation line tracks at 98% above the HPI over time, until the November 2018 sale, where it falls to 56% above the HPI. The line then continues to track at 56% above the HPI.

What might 15 SPITHEAD CLOSE be worth now?

15 SPITHEAD CLOSE might now be worth an estimated £636,941.

This is based on house price inflation of 30%, between November 2018 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 30% inflationary increase is applied to the most recent sale price for 15 SPITHEAD CLOSE of £490,000 on 9th November 2018. For the value to have increased from £490,000 to £636,941 over the seven years and nine months to February 2025, the following assumptions must hold true:

• The value of 15 SPITHEAD CLOSE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The November 2018 sale price of £490,000 represented a fair market value for the property.
• The size, condition, and specification of 15 SPITHEAD CLOSE has not materially changed since November 2018.

How Large is 15 SPITHEAD CLOSE?

15 SPITHEAD CLOSE is 158m² according to the EPC inspection conducted in November 2013. This puts it in the largest 40% of detached houses houses in Seaview, based on EPC data. The below chart shows the distribution of detached houses houses by size in Seaview, and where 15 SPITHEAD CLOSE lies on this distribution: 62% of detached houses houses are smaller than 15 SPITHEAD CLOSE, and 37% of houses are larger. Note that EPC data is not available for all properties in Seaview.

15 SPITHEAD CLOSE: Plot and Title Map

15 SPITHEAD CLOSE sits on a plot of roughly 0.103 of an acre, or 415m². The below map shows the location of 15 SPITHEAD 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 15 SPITHEAD 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 15 SPITHEAD CLOSE?

15 SPITHEAD CLOSE is located in SEAVIEW, in the PO34 postcode district. The below map shows the position of No. 15 on SPITHEAD CLOSE.