5, SCOTCHELLS CLOSE, SHANKLIN, PO37 7EL - £260,000

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 SCOTCHELLS CLOSE is a very small detached house of 69m², built sometime between 1967 and 1975, which could now be worth an estimated £262,210. It was last sold for £260,000 in February 2022, which was around 35% below the average February 2022 detached price in the Isle of Wight local authority area. The most recent EPC inspection was November 2021, where the current energy rating was D, and the potential energy rating was C.

5 SCOTCHELLS CLOSE Sold Prices

Land registry data shows three sales for 5 SCOTCHELLS 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 SCOTCHELLS 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
2022 14 FEB	£260,000	£397,693	35% below HPI
2003 14 NOV	£155,000	£200,715	23% below HPI
2002 1 NOV	£127,000	£179,977	29% below HPI

5 SCOTCHELLS 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 SCOTCHELLS CLOSE sales between November 2002 and February 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 November 2003 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the February 2022 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 5 SCOTCHELLS CLOSE be worth now?

5 SCOTCHELLS CLOSE might now be worth an estimated £262,210.

This is based on house price inflation of 0.8%, between February 2022 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 0.8% inflationary increase is applied to the most recent sale price for 5 SCOTCHELLS CLOSE of £260,000 on 14th February 2022. For the value to have increased from £260,000 to £262,210 over the one year and two months to December 2024, the following assumptions must hold true:

• The value of 5 SCOTCHELLS CLOSE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The February 2022 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of 5 SCOTCHELLS CLOSE has not materially changed since February 2022.

How Large is 5 SCOTCHELLS CLOSE?

5 SCOTCHELLS CLOSE is 69m² according to the EPC inspection conducted in November 2021. This puts it in the smallest 10% 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 5 SCOTCHELLS CLOSE lies on this distribution: 10% of detached houses houses are smaller than 5 SCOTCHELLS CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

5 SCOTCHELLS CLOSE: Plot and Title Map

5 SCOTCHELLS CLOSE sits on a plot of roughly 0.101 of an acre, or 407m². The below map shows the location of 5 SCOTCHELLS 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 SCOTCHELLS 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 SCOTCHELLS CLOSE?

5 SCOTCHELLS CLOSE is located in SHANKLIN, in the PO37 postcode district. The below map shows the position of No. 5 on SCOTCHELLS CLOSE.