3, ROYAL CLOSE, SHANKLIN, PO37 7HA - £327,500

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.

3 ROYAL CLOSE is a very small detached house of 74m², built sometime between 1950 and 1966, which could now be worth an estimated £323,173. It was last sold for £327,500 in September 2023, which was around 21% below the average September 2023 detached price in the Isle of Wight local authority area. The most recent EPC inspection was May 2023, where the current energy rating was B, and the potential energy rating was A.

3 ROYAL CLOSE Sold Prices

Land registry data shows three sales for 3 ROYAL CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. All of the three 3 ROYAL 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 4 SEP	£327,500	£412,567	21% below HPI
2001 20 SEP	£127,000	£140,418	10% below HPI
1996 6 DEC	£50,000	£69,728	28% below HPI

3 ROYAL 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 three 3 ROYAL CLOSE sales between December 1996 and September 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 September 2001 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the September 2023 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 3 ROYAL CLOSE be worth now?

3 ROYAL CLOSE might now be worth an estimated £323,173.

This is based on house price deflation of 1.3%, between September 2023 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 1.3% deflationary decrease is applied to the most recent sale price for 3 ROYAL CLOSE of £327,500 on 4th September 2023. For the value to have decreased from £327,500 to £323,173 over the two years and seven months to February 2025, the following assumptions must hold true:

• The value of 3 ROYAL CLOSE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The September 2023 sale price of £327,500 represented a fair market value for the property.
• The size, condition, and specification of 3 ROYAL CLOSE has not materially changed since September 2023.

How Large is 3 ROYAL CLOSE?

3 ROYAL CLOSE is 74m² according to the EPC inspection conducted in May 2023. This puts it in the smallest 20% of detached houses houses in Shanklin, based on EPC data. The below chart shows the distribution of detached houses houses by size in Shanklin, and where 3 ROYAL CLOSE lies on this distribution: 14% of detached houses houses are smaller than 3 ROYAL CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

3 ROYAL CLOSE: Plot and Title Map

3 ROYAL CLOSE sits on a plot of roughly 0.103 of an acre, or 417m². The below map shows the location of 3 ROYAL 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 ROYAL 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 ROYAL CLOSE?

3 ROYAL CLOSE is located in SHANKLIN, in the PO37 postcode district. The below map shows the position of No. 3 on ROYAL CLOSE.