7, HEATHFIELD CLOSE, FRESHWATER, PO40 9SJ - £480,000

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 HEATHFIELD CLOSE is a midsized detached house of 92m², built sometime between 1976 and 1982, which could now be worth an estimated £456,462. It was last sold for £480,000 in January 2023, which was around 12% above the average January 2023 detached price in the Isle of Wight local authority area. The most recent EPC inspection was October 2022, where the current energy rating was D, and the potential energy rating was B.

7 HEATHFIELD CLOSE Sold Prices

Land registry data shows two sales for 7 HEATHFIELD 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 7 HEATHFIELD 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
2023 25 JAN	£480,000	£428,109	12% above HPI
2001 18 MAY	£167,500	£130,635	28% above HPI

7 HEATHFIELD 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 7 HEATHFIELD CLOSE sales from May 2001 and January 2023 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 May 2001 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the January 2023 sale, where it falls to 12% above the HPI. The line then continues to track at 12% above the HPI.

What might 7 HEATHFIELD CLOSE be worth now?

7 HEATHFIELD CLOSE might now be worth an estimated £456,462.

This is based on house price deflation of 4.9%, between January 2023 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 4.9% deflationary decrease is applied to the most recent sale price for 7 HEATHFIELD CLOSE of £480,000 on 25th January 2023. For the value to have decreased from £480,000 to £456,462 over the one year and eleven months to February 2025, the following assumptions must hold true:

• The value of 7 HEATHFIELD CLOSE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The January 2023 sale price of £480,000 represented a fair market value for the property.
• The size, condition, and specification of 7 HEATHFIELD CLOSE has not materially changed since January 2023.

How Large is 7 HEATHFIELD CLOSE?

7 HEATHFIELD CLOSE is 92m² according to the EPC inspection conducted in October 2022. This puts it in the smallest 50% of detached houses houses in Freshwater, based on EPC data. The below chart shows the distribution of detached houses houses by size in Freshwater, and where 7 HEATHFIELD CLOSE lies on this distribution: 46% of detached houses houses are smaller than 7 HEATHFIELD CLOSE, and 53% of houses are larger. Note that EPC data is not available for all properties in Freshwater.

7 HEATHFIELD CLOSE: Plot and Title Map

7 HEATHFIELD CLOSE sits on a plot of roughly 0.152 of an acre, or 617m². The below map shows the location of 7 HEATHFIELD 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 HEATHFIELD 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 HEATHFIELD CLOSE?

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