8, MARTINE CLOSE, FRESHWATER, PO40 9ND - £170,000

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 MARTINE CLOSE is a very small detached house of 79m², built sometime between 1967 and 1975. It was last sold for £170,000 in June 2010, which was around 32% below the average June 2010 detached price in the Isle of Wight local authority area. The most recent EPC inspection was October 2009, where the current energy rating was C, and the potential energy rating was C.

8 MARTINE CLOSE Sold Prices

Land registry data shows two sales for 8 MARTINE 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 MARTINE 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
2010 7 JUN	£170,000	£251,182	32% below HPI
1999 9 DEC	£76,500	£108,185	29% below HPI

8 MARTINE 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 MARTINE CLOSE sales from December 1999 and June 2010 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 December 1999 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the June 2010 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 8 MARTINE CLOSE?

8 MARTINE CLOSE is 79m² according to the EPC inspection conducted in October 2009. This puts it in the smallest 20% 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 MARTINE CLOSE lies on this distribution: 13% of detached houses are smaller than 8 MARTINE CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Colwell.

8 MARTINE CLOSE: Plot and Title Map

8 MARTINE CLOSE sits on a plot of roughly 0.102 of an acre, or 414m². The below map shows the location of 8 MARTINE 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 MARTINE 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 MARTINE CLOSE?

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