8, CHINE CLOSE, FRESHWATER, PO40 9NS - £247,500

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

8 CHINE CLOSE is a very small extended detached house of 72m², built sometime between 1950 and 1966. It was last sold for £247,500 in August 2014, which was around 7% below the average August 2014 detached price in the Isle of Wight local authority area. The most recent EPC inspection was September 2013, where the current energy rating was C, and the potential energy rating was B.

8 CHINE CLOSE Sold Prices

Land registry data shows two sales for 8 CHINE 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 CHINE 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
2014 26 AUG	£247,500	£265,613	7% below HPI
2009 23 SEP	£190,000	£241,354	21% below HPI

8 CHINE 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 CHINE CLOSE sales from September 2009 and August 2014 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 September 2009 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the August 2014 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is 8 CHINE CLOSE?

8 CHINE CLOSE is 72m², which includes one extension, according to the EPC inspection conducted in September 2013. This puts it in the smallest 10% of detached houses in Colwell, based on EPC data. The below chart shows the distribution of detached houses by size in Colwell, and where 8 CHINE CLOSE lies on this distribution: 5% of detached houses are smaller than 8 CHINE CLOSE, and 94% of houses are larger. Note that EPC data is not available for all properties in Colwell.

8 CHINE CLOSE: Plot and Title Map

8 CHINE CLOSE sits on a plot of roughly 0.081 of an acre, or 329m². The below map shows the location of 8 CHINE 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 CHINE 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 CHINE CLOSE?

8 CHINE CLOSE is located in FRESHWATER, in the PO40 postcode district. The below map shows the position of No. 8 on CHINE CLOSE.