2, NICHOLAS CLOSE, BRADING, SANDOWN, PO36 0BL - £130,000

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 NICHOLAS CLOSE is a small detached house of 74m², built sometime between 1967 and 1975. It was last sold for £130,000 in October 2002, which was around 27% below the average October 2002 detached price in the Isle of Wight local authority area. The most recent EPC inspection was May 2024, where the current energy rating was E, and the potential energy rating was C.

2 NICHOLAS CLOSE Sold Prices

Land registry data shows two sales for 2 NICHOLAS 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 2 NICHOLAS 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
2002 11 OCT	£130,000	£178,593	27% below HPI
1996 16 AUG	£58,000	£70,804	18% below HPI

2 NICHOLAS 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 2 NICHOLAS CLOSE sales from August 1996 and October 2002 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 August 1996 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the October 2002 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 2 NICHOLAS CLOSE?

2 NICHOLAS CLOSE is 74m² according to the EPC inspection conducted in May 2024. This puts it in the smallest 30% of detached houses in Brading, based on EPC data. The below chart shows the distribution of detached houses by size in Brading, and where 2 NICHOLAS CLOSE lies on this distribution: 23% of detached houses are smaller than 2 NICHOLAS CLOSE, and 76% of houses are larger. Note that EPC data is not available for all properties in Brading.

2 NICHOLAS CLOSE: Plot and Title Map

2 NICHOLAS CLOSE sits on a plot of roughly 0.091 of an acre, or 368m². The below map shows the location of 2 NICHOLAS 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 NICHOLAS 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 NICHOLAS CLOSE?

2 NICHOLAS CLOSE is located in BRADING, in the PO36 postcode district. The below map shows the position of No. 2 on NICHOLAS CLOSE.