4, MARTINE CLOSE, FRESHWATER, PO40 9ND - £238,000

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.

4 MARTINE CLOSE is a small detached house of 93m², built sometime between 1967 and 1975, which could now be worth an estimated £390,091. It was last sold for £238,000 in March 2010, which was around 4% below the average March 2010 detached price in the Isle of Wight local authority area. The most recent EPC inspection was February 2009, where the current energy rating was D, and the potential energy rating was D.

4 MARTINE CLOSE Sold Prices

Land registry data shows two sales for 4 MARTINE 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 4 MARTINE 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
2010 11 MAR	£238,000	£248,387	4% below HPI
1999 16 MAR	£78,000	£93,196	16% below HPI

4 MARTINE 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 4 MARTINE CLOSE sales from March 1999 and March 2010 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 1999 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the March 2010 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 4 MARTINE CLOSE be worth now?

4 MARTINE CLOSE might now be worth an estimated £390,091.

This is based on house price inflation of 63.9%, between March 2010 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 63.9% inflationary increase is applied to the most recent sale price for 4 MARTINE CLOSE of £238,000 on 11th March 2010. For the value to have increased from £238,000 to £390,091 over the fifteen years and one month to February 2025, the following assumptions must hold true:

• The value of 4 MARTINE CLOSE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The March 2010 sale price of £238,000 represented a fair market value for the property.
• The size, condition, and specification of 4 MARTINE CLOSE has not materially changed since March 2010.

How Large is 4 MARTINE CLOSE?

4 MARTINE CLOSE is 93m² according to the EPC inspection conducted in February 2009. This puts it in the smallest 30% of detached houses houses in Colwell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Colwell, and where 4 MARTINE CLOSE lies on this distribution: 24% of detached houses houses are smaller than 4 MARTINE CLOSE, and 75% of houses are larger. Note that EPC data is not available for all properties in Colwell.

4 MARTINE CLOSE: Plot and Title Map

4 MARTINE CLOSE sits on a plot of roughly 0.170 of an acre, or 687m². The below map shows the location of 4 MARTINE 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 4 MARTINE 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 4 MARTINE CLOSE?

4 MARTINE CLOSE is located in FRESHWATER, in the PO40 postcode district. The below map shows the position of No. 4 on MARTINE CLOSE.