3, CHINE CLOSE, FRESHWATER, PO40 9NS - £205,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

3 CHINE CLOSE is a very small detached house of 70m², built sometime between 1976 and 1982. It was last sold for £205,000 in October 2011, which was around 18% below the average October 2011 detached price in the Isle of Wight local authority area. The most recent EPC inspection was November 2020, where the current energy rating was D, and the potential energy rating was B.

3 CHINE CLOSE Sold Prices

Land registry data shows two sales for 3 CHINE 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 3 CHINE 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
2011 6 OCT	£205,000	£248,879	18% below HPI
2006 1 MAR	£190,000	£237,904	20% below HPI

3 CHINE 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 3 CHINE CLOSE sales from March 2006 and October 2011 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 March 2006 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the October 2011 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 3 CHINE CLOSE?

3 CHINE CLOSE is 70m² according to the EPC inspection conducted in November 2020. This puts it in the smallest 10% of detached houses in Colwell, based on EPC data. The below chart shows the distribution of detached houses by size in Colwell, and where 3 CHINE CLOSE lies on this distribution: 2% of detached houses are smaller than 3 CHINE CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Colwell.

3 CHINE CLOSE: Plot and Title Map

3 CHINE CLOSE sits on a plot of roughly 0.093 of an acre, or 376m². The below map shows the location of 3 CHINE 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 3 CHINE 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 3 CHINE CLOSE?

3 CHINE CLOSE is located in FRESHWATER, in the PO40 postcode district. The below map shows the position of No. 3 on CHINE CLOSE.