7, KING EDWARD CLOSE, SHANKLIN, PO37 7DW - £235,000

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.

7 KING EDWARD CLOSE is a small semi-detached house of 92m², built sometime between 2003 and 2006, which could now be worth an estimated £349,758. It was last sold for £235,000 in October 2015, which was around 23% above the average October 2015 semi-detached price in the Isle of Wight local authority area. The most recent EPC inspection was October 2012, where the current energy rating was C, and the potential energy rating was B.

7 KING EDWARD CLOSE Sold Prices

Land registry data shows three sales for 7 KING EDWARD CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Isle of Wight local authority area for the corresponding sale date. All of the three 7 KING EDWARD 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
2015 26 OCT	£235,000	£191,604	23% above HPI
2013 15 FEB	£237,500	£169,848	40% above HPI
2006 30 NOV	£224,950	£175,327	28% above HPI

7 KING EDWARD 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 three 7 KING EDWARD CLOSE sales between November 2006 and October 2015 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 February 2013 sale was for 40% above the HPI. So the extrapolation line tracks at 40% above the HPI over time, until the October 2015 sale, where it falls to 23% above the HPI. The line then continues to track at 23% above the HPI.

What might 7 KING EDWARD CLOSE be worth now?

7 KING EDWARD CLOSE might now be worth an estimated £349,758.

This is based on house price inflation of 48.8%, between October 2015 and February 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 48.8% inflationary increase is applied to the most recent sale price for 7 KING EDWARD CLOSE of £235,000 on 26th October 2015. For the value to have increased from £235,000 to £349,758 over the ten years and eight months to February 2025, the following assumptions must hold true:

• The value of 7 KING EDWARD CLOSE has moved in line with the HPI for semi-detached houses in the Isle of Wight local authority area.
• The October 2015 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of 7 KING EDWARD CLOSE has not materially changed since October 2015.

How Large is 7 KING EDWARD CLOSE?

7 KING EDWARD CLOSE is 92m² according to the EPC inspection conducted in October 2012. This puts it in the smallest 40% of semi-detached houses houses in Shanklin, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Shanklin, and where 7 KING EDWARD CLOSE lies on this distribution: 36% of semi-detached houses houses are smaller than 7 KING EDWARD CLOSE, and 63% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

7 KING EDWARD CLOSE: Plot and Title Map

7 KING EDWARD CLOSE sits on a plot of roughly 0.061 of an acre, or 247m². The below map shows the location of 7 KING EDWARD 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 7 KING EDWARD 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 7 KING EDWARD CLOSE?

7 KING EDWARD CLOSE is located in SHANKLIN, in the PO37 postcode district. The below map shows the position of No. 7 on KING EDWARD CLOSE.