3, BEMBRIDGE HOUSE CLOSE, BEMBRIDGE, PO35 5YL - £385,000

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.

3 BEMBRIDGE HOUSE CLOSE is a very small detached house of 62m², built sometime between 1996 and 2002, which could now be worth an estimated £371,202. It was last sold for £385,000 in September 2022, which was around 8% below the average September 2022 detached price in the Isle of Wight local authority area. The most recent EPC inspection was March 2022, where the current energy rating was C, and the potential energy rating was B.

3 BEMBRIDGE HOUSE CLOSE Sold Prices

Land registry data shows two sales for 3 BEMBRIDGE HOUSE 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 3 BEMBRIDGE HOUSE 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
2022 1 SEP	£385,000	£417,661	8% below HPI
2006 18 MAY	£210,000	£241,151	13% below HPI

3 BEMBRIDGE HOUSE 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 3 BEMBRIDGE HOUSE CLOSE sales from May 2006 and September 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 May 2006 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the September 2022 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 3 BEMBRIDGE HOUSE CLOSE be worth now?

3 BEMBRIDGE HOUSE CLOSE might now be worth an estimated £371,202.

This is based on house price deflation of 3.6%, between September 2022 and March 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 3.6% deflationary decrease is applied to the most recent sale price for 3 BEMBRIDGE HOUSE CLOSE of £385,000 on 1st September 2022. For the value to have decreased from £385,000 to £371,202 over the three years and six months to March 2025, the following assumptions must hold true:

• The value of 3 BEMBRIDGE HOUSE CLOSE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The September 2022 sale price of £385,000 represented a fair market value for the property.
• The size, condition, and specification of 3 BEMBRIDGE HOUSE CLOSE has not materially changed since September 2022.

How Large is 3 BEMBRIDGE HOUSE CLOSE?

3 BEMBRIDGE HOUSE CLOSE is 62m² according to the EPC inspection conducted in March 2022. This puts it in the smallest 10% 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 3 BEMBRIDGE HOUSE CLOSE lies on this distribution: 4% of detached houses houses are smaller than 3 BEMBRIDGE HOUSE CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Bembridge.

3 BEMBRIDGE HOUSE CLOSE: Plot and Title Map

3 BEMBRIDGE HOUSE CLOSE sits on a plot of roughly 0.077 of an acre, or 310m². The below map shows the location of 3 BEMBRIDGE HOUSE 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 3 BEMBRIDGE HOUSE 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 3 BEMBRIDGE HOUSE CLOSE?

3 BEMBRIDGE HOUSE CLOSE is located in BEMBRIDGE, in the PO35 postcode district. The below map shows the position of No. 3 on BEMBRIDGE HOUSE CLOSE.