5, JENNINGS CLOSE, FRESHWATER, PO40 9XJ - £260,000

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

5 JENNINGS CLOSE is a very small detached house of 62m², built sometime between 1996 and 2002. It was last sold for £260,000 in April 2021, which was around 29% below the average April 2021 detached price in the Isle of Wight local authority area. The most recent EPC inspection was March 2013, where the current energy rating was D, and the potential energy rating was B.

5 JENNINGS CLOSE Sold Prices

Land registry data shows three sales for 5 JENNINGS 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 5 JENNINGS 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
2021 21 APR	£260,000	£364,812	29% below HPI
2015 14 SEP	£195,000	£284,054	31% below HPI
1998 18 NOV	£87,000	£95,045	8% below HPI

5 JENNINGS 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 5 JENNINGS CLOSE sales between November 1998 and April 2021 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 2015 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the April 2021 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 5 JENNINGS CLOSE?

5 JENNINGS CLOSE is 62m² according to the EPC inspection conducted in March 2013. This puts it in the smallest 10% of detached houses in Freshwater, based on EPC data. The below chart shows the distribution of detached houses by size in Freshwater, and where 5 JENNINGS CLOSE lies on this distribution: 8% of detached houses are smaller than 5 JENNINGS CLOSE, and 91% of houses are larger. Note that EPC data is not available for all properties in Freshwater.

5 JENNINGS CLOSE: Plot and Title Map

5 JENNINGS CLOSE sits on a plot of roughly 0.060 of an acre, or 244m². The below map shows the location of 5 JENNINGS 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 5 JENNINGS 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 5 JENNINGS CLOSE?

5 JENNINGS CLOSE is located in FRESHWATER, in the PO40 postcode district. The below map shows the position of No. 5 on JENNINGS CLOSE.