12, SPITHEAD CLOSE, SEAVIEW, PO34 5AZ - £585,000

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 SPITHEAD CLOSE is a large extended detached house of 166m², built sometime between 1976 and 1982, which could now be worth an estimated £913,375. It was last sold for £585,000 in April 2011, which was around 137% above the average April 2011 detached price in the Isle of Wight local authority area. The most recent EPC inspection was January 2011, where the current energy rating was C, and the potential energy rating was C.

12 SPITHEAD CLOSE Sold Prices

Land registry data shows two sales for 12 SPITHEAD 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 12 SPITHEAD 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
2011 7 APR	£585,000	£247,340	137% above HPI
2000 20 JUN	£176,000	£118,590	48% above HPI

12 SPITHEAD 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 12 SPITHEAD CLOSE sales from June 2000 and April 2011 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 June 2000 sale was for 48% above the HPI. So the extrapolation line tracks at 48% above the HPI over time, until the April 2011 sale, where it rises to 137% above the HPI. The line then continues to track at 137% above the HPI.

What might 12 SPITHEAD CLOSE be worth now?

12 SPITHEAD CLOSE might now be worth an estimated £913,375.

This is based on house price inflation of 56.1%, between April 2011 and June 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 56.1% inflationary increase is applied to the most recent sale price for 12 SPITHEAD CLOSE of £585,000 on 7th April 2011. For the value to have increased from £585,000 to £913,375 over the thirteen years and ten months to June 2025, the following assumptions must hold true:

• The value of 12 SPITHEAD CLOSE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The April 2011 sale price of £585,000 represented a fair market value for the property.
• The size, condition, and specification of 12 SPITHEAD CLOSE has not materially changed since April 2011.

How Large is 12 SPITHEAD CLOSE?

12 SPITHEAD CLOSE is 166m², which includes one extension, according to the EPC inspection conducted in January 2011. This puts it in the largest 40% of detached houses houses in Seaview, based on EPC data. The below chart shows the distribution of detached houses houses by size in Seaview, and where 12 SPITHEAD CLOSE lies on this distribution: 66% of detached houses houses are smaller than 12 SPITHEAD CLOSE, and 34% of houses are larger. Note that EPC data is not available for all properties in Seaview.

12 SPITHEAD CLOSE: Plot and Title Map

12 SPITHEAD CLOSE sits on a plot of roughly 0.110 of an acre, or 445m². The below map shows the location of 12 SPITHEAD 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 SPITHEAD 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 SPITHEAD CLOSE?

12 SPITHEAD CLOSE is located in SEAVIEW, in the PO34 postcode district. The below map shows the position of No. 12 on SPITHEAD CLOSE.