12, NICHOLAS CLOSE, BRADING, SANDOWN, PO36 0BL - £188,000

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.

12 NICHOLAS CLOSE is a very small semi-detached house of 65m², built sometime between 1967 and 1975, which could now be worth an estimated £255,991. It was last sold for £188,000 in September 2016, which was around 5% below the average September 2016 semi-detached price in the Isle of Wight local authority area. The most recent EPC inspection was September 2010, where the current energy rating was E, and the potential energy rating was E.

12 NICHOLAS CLOSE Sold Prices

Land registry data shows five sales for 12 NICHOLAS CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average semi-detached price in the Isle of Wight local authority area for the corresponding sale date. Most of the five 12 NICHOLAS 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 22 SEP	£188,000	£198,915	5% below HPI
2015 14 OCT	£170,000	£191,604	11% below HPI
2013 26 APR	£170,000	£164,947	3% above HPI
2004 15 OCT	£176,000	£160,214	10% above HPI
2004 3 FEB	£137,000	£138,015	1% below HPI

12 NICHOLAS 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 five 12 NICHOLAS CLOSE sales between February 2004 and September 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 October 2015 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the September 2016 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might 12 NICHOLAS CLOSE be worth now?

12 NICHOLAS CLOSE might now be worth an estimated £255,991.

This is based on house price inflation of 36.2%, between September 2016 and June 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 36.2% inflationary increase is applied to the most recent sale price for 12 NICHOLAS CLOSE of £188,000 on 22nd September 2016. For the value to have increased from £188,000 to £255,991 over the nine years and three months to June 2025, the following assumptions must hold true:

• The value of 12 NICHOLAS CLOSE has moved in line with the HPI for semi-detached houses in the Isle of Wight local authority area.
• The September 2016 sale price of £188,000 represented a fair market value for the property.
• The size, condition, and specification of 12 NICHOLAS CLOSE has not materially changed since September 2016.

How Large is 12 NICHOLAS CLOSE?

12 NICHOLAS CLOSE is 65m² according to the EPC inspection conducted in September 2010. This puts it in the smallest 20% of semi-detached houses houses in Brading, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Brading, and where 12 NICHOLAS CLOSE lies on this distribution: 11% of semi-detached houses houses are smaller than 12 NICHOLAS CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Brading.

12 NICHOLAS CLOSE: Plot and Title Map

12 NICHOLAS CLOSE sits on a plot of roughly 0.131 of an acre, or 530m². The below map shows the location of 12 NICHOLAS 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 12 NICHOLAS 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 12 NICHOLAS CLOSE?

12 NICHOLAS CLOSE is located in BRADING, in the PO36 postcode district. The below map shows the position of No. 12 on NICHOLAS CLOSE.