8, PELHAM CLOSE, BEMBRIDGE, PO35 5TS - £480,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

8 PELHAM CLOSE is a small detached house of 96m², built sometime between 1983 and 1990, which could now be worth an estimated £451,936. It was last sold for £480,000 in November 2022, which was around 11% above the average November 2022 detached price in the Isle of Wight local authority area. The most recent EPC inspection was November 2018, where the current energy rating was C, and the potential energy rating was B.

8 PELHAM CLOSE Sold Prices

Land registry data shows three sales for 8 PELHAM CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. Two of the three 8 PELHAM CLOSE sales were for above the average price, whilst one was 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
2022 18 NOV	£480,000	£432,397	11% above HPI
2019 18 SEP	£320,000	£318,187	1% above HPI
2017 16 OCT	£250,000	£301,612	17% below HPI

8 PELHAM 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 three 8 PELHAM CLOSE sales between October 2017 and November 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 September 2019 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the November 2022 sale, where it rises to 11% above the HPI. The line then continues to track at 11% above the HPI.

What might 8 PELHAM CLOSE be worth now?

8 PELHAM CLOSE might now be worth an estimated £451,936.

This is based on house price deflation of 5.8%, between November 2022 and February 2025, for detached houses, in the Isle of Wight local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 5.8% deflationary decrease is applied to the most recent sale price for 8 PELHAM CLOSE of £480,000 on 18th November 2022. For the value to have decreased from £480,000 to £451,936 over the three years and nine months to February 2025, the following assumptions must hold true:

• The value of 8 PELHAM CLOSE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The November 2022 sale price of £480,000 represented a fair market value for the property.
• The size, condition, and specification of 8 PELHAM CLOSE has not materially changed since November 2022.

How Large is 8 PELHAM CLOSE?

8 PELHAM CLOSE is 96m² according to the EPC inspection conducted in November 2018. This puts it in the smallest 40% of detached houses houses in Bembridge, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bembridge, and where 8 PELHAM CLOSE lies on this distribution: 35% of detached houses houses are smaller than 8 PELHAM CLOSE, and 65% of houses are larger. Note that EPC data is not available for all properties in Bembridge.

8 PELHAM CLOSE: Plot and Title Map

8 PELHAM CLOSE sits on a plot of roughly 0.107 of an acre, or 432m². The below map shows the location of 8 PELHAM 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 PELHAM 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 PELHAM CLOSE?

8 PELHAM CLOSE is located in BEMBRIDGE, in the PO35 postcode district. The below map shows the position of No. 8 on PELHAM CLOSE.