2, SALEM CLOSE, VENTNOR, PO38 1XN - £165,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 SALEM CLOSE is a very large detached house of 222m², which could now be worth an estimated £655,309. It was last sold for £165,000 in September 1999, which was around 63% above the average September 1999 detached price in the Isle of Wight local authority area. The most recent EPC inspection was July 2013, where the current energy rating was C, and the potential energy rating was C.

2 SALEM CLOSE Sold Prices

Land registry data shows two sales for 2 SALEM 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 SALEM 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
1999 30 SEP	£165,000	£100,986	63% above HPI
1997 4 APR	£112,000	£72,838	54% above HPI

2 SALEM 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 SALEM CLOSE sales from April 1997 and September 1999 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 April 1997 sale was for 54% above the HPI. So the extrapolation line tracks at 54% above the HPI over time, until the September 1999 sale, where it rises to 63% above the HPI. The line then continues to track at 63% above the HPI.

What might 2 SALEM CLOSE be worth now?

2 SALEM CLOSE might now be worth an estimated £655,309.

This is based on house price inflation of 297.2%, between September 1999 and December 2024, 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 297.2% inflationary increase is applied to the most recent sale price for 2 SALEM CLOSE of £165,000 on 30th September 1999. For the value to have increased from £165,000 to £655,309 over the 24 years and nine months to December 2024, the following assumptions must hold true:

• The value of 2 SALEM CLOSE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The September 1999 sale price of £165,000 represented a fair market value for the property.
• The size, condition, and specification of 2 SALEM CLOSE has not materially changed since September 1999.

How Large is 2 SALEM CLOSE?

2 SALEM CLOSE is 222m² according to the EPC inspection conducted in July 2013. This puts it in the largest 10% of detached houses houses in Ventnor, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ventnor, and where 2 SALEM CLOSE lies on this distribution: 92% of detached houses houses are smaller than 2 SALEM CLOSE, and 8% of houses are larger. Note that EPC data is not available for all properties in Ventnor.

2 SALEM CLOSE: Plot and Title Map

2 SALEM CLOSE sits on a plot of roughly 1.6 acres, or 6,483m². The below map shows the location of 2 SALEM 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 SALEM 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 SALEM CLOSE?

2 SALEM CLOSE is located in VENTNOR, in the PO38 postcode district. The below map shows the position of No. 2 on SALEM CLOSE.