5, MEADOW CLOSE, WHITWELL, VENTNOR, PO38 2QD - £260,000

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.

5 MEADOW CLOSE is a very small detached house of 73m², built sometime between 1976 and 1982, which could now be worth an estimated £283,730. It was last sold for £260,000 in November 2020, which was around 27% below the average November 2020 detached price in the Isle of Wight local authority area. The most recent EPC inspection was February 2020, where the current energy rating was D, and the potential energy rating was C.

5 MEADOW CLOSE Sold Prices

Land registry data shows four sales for 5 MEADOW CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. All of the four 5 MEADOW 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
2020 2 NOV	£260,000	£353,880	27% below HPI
2003 24 JAN	£140,000	£181,312	23% below HPI
2001 23 NOV	£126,000	£142,971	12% below HPI
1996 1 AUG	£59,000	£69,328	15% below HPI

5 MEADOW 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 four 5 MEADOW CLOSE sales between August 1996 and November 2020 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 January 2003 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the November 2020 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 5 MEADOW CLOSE be worth now?

5 MEADOW CLOSE might now be worth an estimated £283,730.

This is based on house price inflation of 9.1%, between November 2020 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 9.1% inflationary increase is applied to the most recent sale price for 5 MEADOW CLOSE of £260,000 on 2nd November 2020. For the value to have increased from £260,000 to £283,730 over the five years and five months to June 2025, the following assumptions must hold true:

• The value of 5 MEADOW CLOSE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The November 2020 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of 5 MEADOW CLOSE has not materially changed since November 2020.

How Large is 5 MEADOW CLOSE?

5 MEADOW CLOSE is 73m² according to the EPC inspection conducted in February 2020. This puts it in the smallest 20% of detached houses houses in Whitwell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Whitwell, and where 5 MEADOW CLOSE lies on this distribution: 11% of detached houses houses are smaller than 5 MEADOW CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Whitwell.

5 MEADOW CLOSE: Plot and Title Map

5 MEADOW CLOSE sits on a plot of roughly 0.135 of an acre, or 545m². The below map shows the location of 5 MEADOW 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 5 MEADOW 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 5 MEADOW CLOSE?

5 MEADOW CLOSE is located in WHITWELL, in the PO38 postcode district. The below map shows the position of No. 5 on MEADOW CLOSE.