4, WITBANK CLOSE, SHANKLIN, PO37 7DQ - £280,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

4 WITBANK CLOSE is a very small detached house of 70m². It was last sold for £280,000 in November 2020, which was around 23% below the average November 2020 detached price in the Isle of Wight local authority area. The most recent EPC inspection was January 2017, where the current energy rating was B, and the potential energy rating was A.

4 WITBANK CLOSE Sold Prices

Land registry data shows two sales for 4 WITBANK 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 WITBANK 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
2020 19 NOV	£280,000	£361,414	23% below HPI
2017 21 MAR	£180,000	£299,115	40% below HPI

4 WITBANK 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 WITBANK CLOSE sales from March 2017 and November 2020 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 2017 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the November 2020 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 4 WITBANK CLOSE?

4 WITBANK CLOSE is 70m² according to the EPC inspection conducted in January 2017. This puts it in the smallest 20% of detached houses in Shanklin, based on EPC data. The below chart shows the distribution of detached houses by size in Shanklin, and where 4 WITBANK CLOSE lies on this distribution: 11% of detached houses are smaller than 4 WITBANK CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

4 WITBANK CLOSE: Plot and Title Map

4 WITBANK CLOSE sits on a plot of roughly 0.105 of an acre, or 425m². The below map shows the location of 4 WITBANK 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 WITBANK 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 WITBANK CLOSE?

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