5, SPRINGFIELD CLOSE, SHANKLIN, PO37 7BS - £396,000

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 SPRINGFIELD CLOSE is a small detached house of 96m². It was last sold for £396,000 in November 2020, which was around 10% above the average November 2020 detached price in the Isle of Wight local authority area. The most recent EPC inspection was April 2014, where the current energy rating was C, and the potential energy rating was B.

5 SPRINGFIELD CLOSE Sold Prices

Land registry data shows two sales for 5 SPRINGFIELD 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. One of the two 5 SPRINGFIELD CLOSE sales was for above the average price, whilst the other was 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	£396,000	£361,414	10% above HPI
2014 22 APR	£250,000	£262,645	5% below HPI

5 SPRINGFIELD 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 SPRINGFIELD CLOSE sales from April 2014 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 April 2014 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the November 2020 sale, where it rises to 10% above the HPI. The line then continues to track at 10% above the HPI.

How Large is 5 SPRINGFIELD CLOSE?

5 SPRINGFIELD CLOSE is 96m² according to the EPC inspection conducted in April 2014. This puts it in the smallest 40% of detached houses in Shanklin, based on EPC data. The below chart shows the distribution of detached houses by size in Shanklin, and where 5 SPRINGFIELD CLOSE lies on this distribution: 40% of detached houses are smaller than 5 SPRINGFIELD CLOSE, and 59% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

5 SPRINGFIELD CLOSE: Plot and Title Map

5 SPRINGFIELD CLOSE sits on a plot of roughly 0.079 of an acre, or 321m². The below map shows the location of 5 SPRINGFIELD 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 SPRINGFIELD 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 SPRINGFIELD CLOSE?

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