5, PADDOCK CLOSE, SHORWELL, NEWPORT, PO30 3LB - £325,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

5 PADDOCK CLOSE is a midsized extended detached house of 128m², built sometime between 1983 and 1990, which could now be worth an estimated £465,232. It was last sold for £325,000 in November 2015, which was around 16% above the average November 2015 detached price in the Isle of Wight local authority area. The most recent EPC inspection was September 2024, where the current energy rating was C, and the potential energy rating was B.

5 PADDOCK CLOSE Sold Prices

Land registry data shows two sales for 5 PADDOCK 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 5 PADDOCK CLOSE 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
2015 5 NOV	£325,000	£280,180	16% above HPI
2012 5 DEC	£270,000	£242,129	12% above HPI

5 PADDOCK 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 5 PADDOCK CLOSE sales from December 2012 and November 2015 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 December 2012 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the November 2015 sale, where it rises to 16% above the HPI. The line then continues to track at 16% above the HPI.

What might 5 PADDOCK CLOSE be worth now?

5 PADDOCK CLOSE might now be worth an estimated £465,232.

This is based on house price inflation of 43.1%, between November 2015 and December 2024, 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 43.1% inflationary increase is applied to the most recent sale price for 5 PADDOCK CLOSE of £325,000 on 5th November 2015. For the value to have increased from £325,000 to £465,232 over the eight years and eleven months to December 2024, the following assumptions must hold true:

• The value of 5 PADDOCK CLOSE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The November 2015 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 5 PADDOCK CLOSE has not materially changed since November 2015.

How Large is 5 PADDOCK CLOSE?

5 PADDOCK CLOSE is 128m², which includes one extension, according to the EPC inspection conducted in September 2024. This puts it in the largest 50% of detached houses houses in Shorwell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Shorwell, and where 5 PADDOCK CLOSE lies on this distribution: 57% of detached houses houses are smaller than 5 PADDOCK CLOSE, and 43% of houses are larger. Note that EPC data is not available for all properties in Shorwell.

5 PADDOCK CLOSE: Plot and Title Map

5 PADDOCK CLOSE sits on a plot of roughly 0.167 of an acre, or 676m². The below map shows the location of 5 PADDOCK 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 PADDOCK 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 PADDOCK CLOSE?

5 PADDOCK CLOSE is located in SHORWELL, in the PO30 postcode district. The below map shows the position of No. 5 on PADDOCK CLOSE.