2, LODGE CLOSE, BRIGHSTONE, NEWPORT, PO30 4BX - £345,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 LODGE CLOSE is a midsized extended detached house of 101m², built sometime between 1983 and 1990. It was last sold for £345,000 in July 2023, which was around 18% below the average July 2023 detached price in the Isle of Wight local authority area. The most recent EPC inspection was September 2020, where the current energy rating was E, and the potential energy rating was C.

2 LODGE CLOSE Sold Prices

Land registry data shows five sales for 2 LODGE CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. All of the five 2 LODGE 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
2023 21 JUL	£345,000	£419,943	18% below HPI
2021 25 FEB	£265,000	£363,833	27% below HPI
2016 4 NOV	£237,000	£290,578	18% below HPI
2003 5 DEC	£195,000	£208,499	6% below HPI
1997 10 JAN	£58,000	£72,912	20% below HPI

2 LODGE 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 five 2 LODGE CLOSE sales between January 1997 and July 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 February 2021 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the July 2023 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 2 LODGE CLOSE?

2 LODGE CLOSE is 101m², which includes one extension, according to the EPC inspection conducted in September 2020. This puts it in the largest 50% of detached houses in Brighstone, based on EPC data. The below chart shows the distribution of detached houses by size in Brighstone, and where 2 LODGE CLOSE lies on this distribution: 51% of detached houses are smaller than 2 LODGE CLOSE, and 47% of houses are larger. Note that EPC data is not available for all properties in Brighstone.

2 LODGE CLOSE: Plot and Title Map

2 LODGE CLOSE sits on a plot of roughly 0.054 of an acre, or 220m². The below map shows the location of 2 LODGE 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 2 LODGE 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 2 LODGE CLOSE?

2 LODGE CLOSE is located in BRIGHSTONE, in the PO30 postcode district. The below map shows the position of No. 2 on LODGE CLOSE.