7, SCOTCHELLS CLOSE, SHANKLIN, PO37 7EL - £425,000

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

7 SCOTCHELLS CLOSE is a midsized extended detached house of 97m², built sometime between 1967 and 1975. It was last sold for £425,000 in November 2022, which was around 4% below the average November 2022 detached price in the Isle of Wight local authority area. The most recent EPC inspection was June 2015, where the current energy rating was C, and the potential energy rating was B.

7 SCOTCHELLS CLOSE Sold Prices

Land registry data shows three sales for 7 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 7 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 15 NOV	£425,000	£441,602	4% below HPI
2015 22 DEC	£242,500	£286,657	15% below HPI
2002 29 OCT	£124,000	£178,593	31% below HPI

7 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 7 SCOTCHELLS CLOSE sales between October 2002 and November 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 December 2015 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the November 2022 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

How Large is 7 SCOTCHELLS CLOSE?

7 SCOTCHELLS CLOSE is 97m², which includes one extension, according to the EPC inspection conducted in June 2015. This puts it in the smallest 50% of detached houses in Shanklin, based on EPC data. The below chart shows the distribution of detached houses by size in Shanklin, and where 7 SCOTCHELLS CLOSE lies on this distribution: 41% of detached houses are smaller than 7 SCOTCHELLS CLOSE, and 58% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

7 SCOTCHELLS CLOSE: Plot and Title Map

7 SCOTCHELLS CLOSE sits on a plot of roughly 0.153 of an acre, or 621m². The below map shows the location of 7 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 7 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 7 SCOTCHELLS CLOSE?

7 SCOTCHELLS CLOSE is located in SHANKLIN, in the PO37 postcode district. The below map shows the position of No. 7 on SCOTCHELLS CLOSE.