8, PADDOCK CLOSE, SHORWELL, NEWPORT, PO30 3LB - £560,000

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 PADDOCK CLOSE is a large extended detached house of 132m², built sometime between 1983 and 1990. It was last sold for £560,000 in August 2022, which was around 32% above the average August 2022 detached price in the Isle of Wight local authority area. The most recent EPC inspection was February 2022, where the current energy rating was C, and the potential energy rating was B.

8 PADDOCK CLOSE Sold Prices

Land registry data shows four sales for 8 PADDOCK CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. All of the four 8 PADDOCK CLOSE sales were for above 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
2022 10 AUG	£560,000	£425,763	32% above HPI
2020 10 DEC	£435,000	£368,126	18% above HPI
2007 28 AUG	£314,000	£263,269	19% above HPI
1996 5 JUL	£77,500	£70,164	10% above HPI

8 PADDOCK 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 four 8 PADDOCK CLOSE sales between July 1996 and August 2022 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 2020 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the August 2022 sale, where it rises to 32% above the HPI. The line then continues to track at 32% above the HPI.

How Large is 8 PADDOCK CLOSE?

8 PADDOCK CLOSE is 132m², which includes one extension, according to the EPC inspection conducted in February 2022. This puts it in the largest 40% of detached houses in Shorwell, based on EPC data. The below chart shows the distribution of detached houses by size in Shorwell, and where 8 PADDOCK CLOSE lies on this distribution: 64% of detached houses are smaller than 8 PADDOCK CLOSE, and 35% of houses are larger. Note that EPC data is not available for all properties in Shorwell.

8 PADDOCK CLOSE: Plot and Title Map

8 PADDOCK CLOSE sits on a plot of roughly 0.149 of an acre, or 603m². The below map shows the location of 8 PADDOCK 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 PADDOCK 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 PADDOCK CLOSE?

8 PADDOCK CLOSE is located in SHORWELL, in the PO30 postcode district. The below map shows the position of No. 8 on PADDOCK CLOSE.