7, SPITHEAD CLOSE, SEAVIEW, PO34 5AZ - £800,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

7 SPITHEAD CLOSE is a large extended detached house of 155m², built sometime between 1967 and 1975. It was last sold for £800,000 in November 2021, which was around 101% above the average November 2021 detached price in the Isle of Wight local authority area. The most recent EPC inspection was August 2020, where the current energy rating was D, and the potential energy rating was C.

7 SPITHEAD CLOSE Sold Prices

Land registry data shows four sales for 7 SPITHEAD CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. All of the four 7 SPITHEAD 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
2021 19 NOV	£800,000	£398,511	101% above HPI
2005 21 JUN	£375,000	£233,958	60% above HPI
2004 27 SEP	£350,000	£229,384	53% above HPI
1997 23 OCT	£124,500	£82,804	50% above HPI

7 SPITHEAD 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 four 7 SPITHEAD CLOSE sales between October 1997 and November 2021 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 June 2005 sale was for 60% above the HPI. So the extrapolation line tracks at 60% above the HPI over time, until the November 2021 sale, where it rises to 101% above the HPI. The line then continues to track at 101% above the HPI.

How Large is 7 SPITHEAD CLOSE?

7 SPITHEAD CLOSE is 155m², which includes one extension, according to the EPC inspection conducted in August 2020. This puts it in the largest 40% of detached houses in Seaview, based on EPC data. The below chart shows the distribution of detached houses by size in Seaview, and where 7 SPITHEAD CLOSE lies on this distribution: 60% of detached houses are smaller than 7 SPITHEAD CLOSE, and 40% of houses are larger. Note that EPC data is not available for all properties in Seaview.

7 SPITHEAD CLOSE: Plot and Title Map

7 SPITHEAD CLOSE sits on a plot of roughly 0.134 of an acre, or 543m². The below map shows the location of 7 SPITHEAD 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 SPITHEAD 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 SPITHEAD CLOSE?

7 SPITHEAD CLOSE is located in SEAVIEW, in the PO34 postcode district. The below map shows the position of No. 7 on SPITHEAD CLOSE.