7, CHINE CLOSE, FRESHWATER, PO40 9NS - £345,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

7 CHINE CLOSE is a small detached house of 90m², built sometime between 1976 and 1982, which could now be worth an estimated £354,226. It was last sold for £345,000 in September 2024, which was around 13% below the average September 2024 detached price in the Isle of Wight local authority area. The most recent EPC inspection was November 2023, where the current energy rating was D, and the potential energy rating was C.

7 CHINE CLOSE Sold Prices

Land registry data shows three sales for 7 CHINE 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 7 CHINE 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
2024 4 SEP	£345,000	£396,513	13% below HPI
2010 4 OCT	£234,500	£253,296	7% below HPI
2007 2 MAR	£230,000	£253,395	9% below HPI

7 CHINE 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 7 CHINE CLOSE sales between March 2007 and September 2024 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 October 2010 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the September 2024 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 7 CHINE CLOSE be worth now?

7 CHINE CLOSE might now be worth an estimated £354,226.

This is based on house price inflation of 2.7%, between September 2024 and February 2025, 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 2.7% inflationary increase is applied to the most recent sale price for 7 CHINE CLOSE of £345,000 on 4th September 2024. For the value to have increased from £345,000 to £354,226 over the one year and seven months to February 2025, the following assumptions must hold true:

• The value of 7 CHINE CLOSE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The September 2024 sale price of £345,000 represented a fair market value for the property.
• The size, condition, and specification of 7 CHINE CLOSE has not materially changed since September 2024.

How Large is 7 CHINE CLOSE?

7 CHINE CLOSE is 90m² according to the EPC inspection conducted in November 2023. This puts it in the smallest 30% of detached houses houses in Colwell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Colwell, and where 7 CHINE CLOSE lies on this distribution: 22% of detached houses houses are smaller than 7 CHINE CLOSE, and 78% of houses are larger. Note that EPC data is not available for all properties in Colwell.

7 CHINE CLOSE: Plot and Title Map

7 CHINE CLOSE sits on a plot of roughly 0.089 of an acre, or 362m². The below map shows the location of 7 CHINE 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 7 CHINE 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 7 CHINE CLOSE?

7 CHINE CLOSE is located in FRESHWATER, in the PO40 postcode district. The below map shows the position of No. 7 on CHINE CLOSE.