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

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

8 CHESSELL CLOSE is a very small detached house of 58m², built sometime between 1976 and 1982. It was last sold for £171,500 in December 2011, which was around 32% 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	£253,640	32% below HPI
1995 3 NOV	£54,950	£68,411	20% 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 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the December 2011 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

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 in Cowes, based on EPC data. The below chart shows the distribution of detached houses by size in Cowes, and where 8 CHESSELL CLOSE lies on this distribution: 5% of detached 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.