5, QUEENS CLOSE, FRESHWATER, PO40 9EU - £277,000

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 QUEENS CLOSE is a very small detached house of 64m², built sometime between 1950 and 1966. It was last sold for £277,000 in January 2018, which was around 9% below the average January 2018 detached price in the Isle of Wight local authority area. The most recent EPC inspection was September 2017, where the current energy rating was C, and the potential energy rating was B.

5 QUEENS CLOSE Sold Prices

Land registry data shows two sales for 5 QUEENS 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 QUEENS 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
2018 24 JAN	£277,000	£305,686	9% below HPI
2005 2 DEC	£185,000	£239,402	23% below HPI

5 QUEENS 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 QUEENS CLOSE sales from December 2005 and January 2018 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 2005 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the January 2018 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 5 QUEENS CLOSE?

5 QUEENS CLOSE is 64m² according to the EPC inspection conducted in September 2017. This puts it in the smallest 20% 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 QUEENS CLOSE lies on this distribution: 11% of detached houses are smaller than 5 QUEENS CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Freshwater.

5 QUEENS CLOSE: Plot and Title Map

5 QUEENS CLOSE sits on a plot of roughly 0.155 of an acre, or 629m². The below map shows the location of 5 QUEENS 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 QUEENS 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 QUEENS CLOSE?

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