4, RUSHCLOSE, SHANKLIN, PO37 7NW - £725,000

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 RUSHCLOSE is a very large detached house of 177m², which could now be worth an estimated £704,818. It was last sold for £725,000 in June 2022, which was around 75% above the average June 2022 detached price in the Isle of Wight local authority area. The most recent EPC inspection was October 2014, where the current energy rating was B, and the potential energy rating was A.

4 RUSHCLOSE Sold Prices

Land registry data shows two sales for 4 RUSHCLOSE 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 RUSHCLOSE 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
2022 17 JUN	£725,000	£414,224	75% above HPI
2018 16 AUG	£410,000	£309,777	32% above HPI

4 RUSHCLOSE 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 RUSHCLOSE sales from August 2018 and June 2022 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 2018 sale was for 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the June 2022 sale, where it rises to 75% above the HPI. The line then continues to track at 75% above the HPI.

What might 4 RUSHCLOSE be worth now?

4 RUSHCLOSE might now be worth an estimated £704,818.

This is based on house price deflation of 2.8%, between June 2022 and March 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 2.8% deflationary decrease is applied to the most recent sale price for 4 RUSHCLOSE of £725,000 on 17th June 2022. For the value to have decreased from £725,000 to £704,818 over the three years and three months to March 2025, the following assumptions must hold true:

• The value of 4 RUSHCLOSE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The June 2022 sale price of £725,000 represented a fair market value for the property.
• The size, condition, and specification of 4 RUSHCLOSE has not materially changed since June 2022.

How Large is 4 RUSHCLOSE?

4 RUSHCLOSE is 177m² according to the EPC inspection conducted in October 2014. This puts it in the largest 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 4 RUSHCLOSE lies on this distribution: 85% of detached houses houses are smaller than 4 RUSHCLOSE, and 15% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

4 RUSHCLOSE: Plot and Title Map

4 RUSHCLOSE sits on a plot of roughly 0.116 of an acre, or 470m². The below map shows the location of 4 RUSHCLOSE, 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 RUSHCLOSE). 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 RUSHCLOSE?

4 RUSHCLOSE is located in SHANKLIN, in the PO37 postcode district. The below map shows the position of No. 4 on RUSHCLOSE.