8, KING EDWARD CLOSE, SHANKLIN, PO37 7DW - £242,000

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

8 KING EDWARD CLOSE is a small detached house of 91m², built sometime between 1996 and 2002. It was last sold for £242,000 in May 2016, which was around 16% below the average May 2016 detached price in the Isle of Wight local authority area. The most recent EPC inspection was April 2023, where the current energy rating was C, and the potential energy rating was B.

8 KING EDWARD CLOSE Sold Prices

Land registry data shows two sales for 8 KING EDWARD 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 KING EDWARD 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
2016 26 MAY	£242,000	£288,538	16% below HPI
2008 31 MAR	£227,500	£262,770	13% below HPI

8 KING EDWARD 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 KING EDWARD CLOSE sales from March 2008 and May 2016 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 March 2008 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the May 2016 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 8 KING EDWARD CLOSE?

8 KING EDWARD CLOSE is 91m² according to the EPC inspection conducted in April 2023. This puts it in the smallest 40% of detached houses in Shanklin, based on EPC data. The below chart shows the distribution of detached houses by size in Shanklin, and where 8 KING EDWARD CLOSE lies on this distribution: 35% of detached houses are smaller than 8 KING EDWARD CLOSE, and 64% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

8 KING EDWARD CLOSE: Plot and Title Map

8 KING EDWARD CLOSE sits on a plot of roughly 0.078 of an acre, or 316m². The below map shows the location of 8 KING EDWARD 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 KING EDWARD 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 KING EDWARD CLOSE?

8 KING EDWARD CLOSE is located in SHANKLIN, in the PO37 postcode district. The below map shows the position of No. 8 on KING EDWARD CLOSE.