8, CHESSELL CLOSE, COWES, PO31 8QL - £171,500

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.

8 CHESSELL CLOSE is a very small detached house of 58m², built sometime between 1976 and 1982, which could now be worth an estimated £281,134. It was last sold for £171,500 in December 2011, which was around 31% below the average December 2011 detached price in the Isle of Wight local authority area. The most recent EPC inspection was February 2011, where the current energy rating was C, and the potential energy rating was C.

8 CHESSELL CLOSE Sold Prices

Land registry data shows two sales for 8 CHESSELL 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 8 CHESSELL 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
2011 21 DEC	£171,500	£248,353	31% below HPI
1995 3 NOV	£54,950	£66,985	18% below HPI

8 CHESSELL 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 8 CHESSELL CLOSE sales from November 1995 and December 2011 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 November 1995 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the December 2011 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 8 CHESSELL CLOSE be worth now?

8 CHESSELL CLOSE might now be worth an estimated £281,134.

This is based on house price inflation of 63.9%, between December 2011 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 63.9% inflationary increase is applied to the most recent sale price for 8 CHESSELL CLOSE of £171,500 on 21st December 2011. For the value to have increased from £171,500 to £281,134 over the fourteen years and ten months to February 2025, the following assumptions must hold true:

• The value of 8 CHESSELL CLOSE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The December 2011 sale price of £171,500 represented a fair market value for the property.
• The size, condition, and specification of 8 CHESSELL CLOSE has not materially changed since December 2011.

How Large is 8 CHESSELL CLOSE?

8 CHESSELL CLOSE is 58m² according to the EPC inspection conducted in February 2011. This puts it in the smallest 10% of detached houses houses in Cowes, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cowes, and where 8 CHESSELL CLOSE lies on this distribution: 5% of detached houses houses are smaller than 8 CHESSELL CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Cowes.

8 CHESSELL CLOSE: Plot and Title Map

8 CHESSELL CLOSE sits on a plot of roughly 0.077 of an acre, or 312m². The below map shows the location of 8 CHESSELL 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 8 CHESSELL 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 8 CHESSELL CLOSE?

8 CHESSELL CLOSE is located in COWES, in the PO31 postcode district. The below map shows the position of No. 8 on CHESSELL CLOSE.