8, VELSHEDA CLOSE, TOTLAND BAY, PO39 0AJ - £355,000

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 VELSHEDA CLOSE is a midsized semi-detached house of 111m², built sometime between 2003 and 2006, which could now be worth an estimated £364,865. It was last sold for £355,000 in November 2024, which was around 28% above the average November 2024 semi-detached price in the Isle of Wight local authority area. The most recent EPC inspection was June 2024, where the current energy rating was C, and the potential energy rating was B.

8 VELSHEDA CLOSE Sold Prices

Land registry data shows four sales for 8 VELSHEDA CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Isle of Wight local authority area for the corresponding sale date. All of the four 8 VELSHEDA 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
2024 25 NOV	£355,000	£277,460	28% above HPI
2014 22 JUL	£212,000	£181,813	17% above HPI
2011 4 MAR	£197,500	£171,791	15% above HPI
2005 27 APR	£202,000	£163,001	24% above HPI

8 VELSHEDA CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Isle of Wight local authority area over time, sourced from the HPI. The four 8 VELSHEDA CLOSE sales between April 2005 and November 2024 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 July 2014 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the November 2024 sale, where it rises to 28% above the HPI. The line then continues to track at 28% above the HPI.

What might 8 VELSHEDA CLOSE be worth now?

8 VELSHEDA CLOSE might now be worth an estimated £364,865.

This is based on house price inflation of 2.8%, between November 2024 and February 2025, for semi-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 2.8% inflationary increase is applied to the most recent sale price for 8 VELSHEDA CLOSE of £355,000 on 25th November 2024. For the value to have increased from £355,000 to £364,865 over the one year and nine months to February 2025, the following assumptions must hold true:

• The value of 8 VELSHEDA CLOSE has moved in line with the HPI for semi-detached houses in the Isle of Wight local authority area.
• The November 2024 sale price of £355,000 represented a fair market value for the property.
• The size, condition, and specification of 8 VELSHEDA CLOSE has not materially changed since November 2024.

How Large is 8 VELSHEDA CLOSE?

8 VELSHEDA CLOSE is 111m² according to the EPC inspection conducted in June 2024. This puts it in the smallest 50% of semi-detached houses houses in Colwell, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Colwell, and where 8 VELSHEDA CLOSE lies on this distribution: 47% of semi-detached houses houses are smaller than 8 VELSHEDA CLOSE, and 52% of houses are larger. Note that EPC data is not available for all properties in Colwell.

8 VELSHEDA CLOSE: Plot and Title Map

8 VELSHEDA CLOSE sits on a plot of roughly 0.039 of an acre, or 157m². The below map shows the location of 8 VELSHEDA 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 VELSHEDA 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 VELSHEDA CLOSE?

8 VELSHEDA CLOSE is located in TOTLAND BAY, in the PO39 postcode district. The below map shows the position of No. 8 on VELSHEDA CLOSE.