4, NICHOLAS CLOSE, BRADING, SANDOWN, PO36 0BL - £215,000

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.

4 NICHOLAS CLOSE is a small detached house of 79m², built sometime between 1967 and 1975, which could now be worth an estimated £271,930. It was last sold for £215,000 in November 2019, which was around 33% below the average November 2019 detached price in the Isle of Wight local authority area. The most recent EPC inspection was April 2019, where the current energy rating was D, and the potential energy rating was B.

4 NICHOLAS CLOSE Sold Prices

Land registry data shows two sales for 4 NICHOLAS 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 4 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
2019 22 NOV	£215,000	£321,884	33% below HPI
1998 17 DEC	£78,500	£92,640	15% below HPI

4 NICHOLAS 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 4 NICHOLAS CLOSE sales from December 1998 and November 2019 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 December 1998 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the November 2019 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might 4 NICHOLAS CLOSE be worth now?

4 NICHOLAS CLOSE might now be worth an estimated £271,930.

This is based on house price inflation of 26.5%, between November 2019 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 26.5% inflationary increase is applied to the most recent sale price for 4 NICHOLAS CLOSE of £215,000 on 22nd November 2019. For the value to have increased from £215,000 to £271,930 over the six years and nine months to February 2025, the following assumptions must hold true:

• The value of 4 NICHOLAS CLOSE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The November 2019 sale price of £215,000 represented a fair market value for the property.
• The size, condition, and specification of 4 NICHOLAS CLOSE has not materially changed since November 2019.

How Large is 4 NICHOLAS CLOSE?

4 NICHOLAS CLOSE is 79m² according to the EPC inspection conducted in April 2019. This puts it in the smallest 40% of detached houses houses in Brading, based on EPC data. The below chart shows the distribution of detached houses houses by size in Brading, and where 4 NICHOLAS CLOSE lies on this distribution: 32% of detached houses houses are smaller than 4 NICHOLAS CLOSE, and 67% of houses are larger. Note that EPC data is not available for all properties in Brading.

4 NICHOLAS CLOSE: Plot and Title Map

4 NICHOLAS CLOSE sits on a plot of roughly 0.082 of an acre, or 330m². The below map shows the location of 4 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 4 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 4 NICHOLAS CLOSE?

4 NICHOLAS CLOSE is located in BRADING, in the PO36 postcode district. The below map shows the position of No. 4 on NICHOLAS CLOSE.