8, NICHOLAS CLOSE, BRADING, SANDOWN, PO36 0BL - £180,000

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.

8 NICHOLAS CLOSE is a very small semi-detached house of 64m², built sometime between 1967 and 1975, which could now be worth an estimated £266,300. It was last sold for £180,000 in December 2016, which was around 7% below the average December 2016 semi-detached price in the Isle of Wight local authority area. The most recent EPC inspection was September 2016, where the current energy rating was E, and the potential energy rating was B.

8 NICHOLAS CLOSE Sold Prices

Land registry data shows two sales for 8 NICHOLAS CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Isle of Wight local authority area for the corresponding sale date. One of the two 8 NICHOLAS CLOSE sales was for below the average price, whilst the other was 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
2016 12 DEC	£180,000	£192,755	7% below HPI
2000 25 FEB	£76,500	£70,282	9% above HPI

8 NICHOLAS 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 two 8 NICHOLAS CLOSE sales from February 2000 and December 2016 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 2000 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the December 2016 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might 8 NICHOLAS CLOSE be worth now?

8 NICHOLAS CLOSE might now be worth an estimated £266,300.

This is based on house price inflation of 47.9%, between December 2016 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 47.9% inflationary increase is applied to the most recent sale price for 8 NICHOLAS CLOSE of £180,000 on 12th December 2016. For the value to have increased from £180,000 to £266,300 over the nine years and ten months to February 2025, the following assumptions must hold true:

• The value of 8 NICHOLAS CLOSE has moved in line with the HPI for semi-detached houses in the Isle of Wight local authority area.
• The December 2016 sale price of £180,000 represented a fair market value for the property.
• The size, condition, and specification of 8 NICHOLAS CLOSE has not materially changed since December 2016.

How Large is 8 NICHOLAS CLOSE?

8 NICHOLAS CLOSE is 64m² according to the EPC inspection conducted in September 2016. This puts it in the smallest 20% of semi-detached houses houses in Brading, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Brading, and where 8 NICHOLAS CLOSE lies on this distribution: 11% of semi-detached houses houses are smaller than 8 NICHOLAS CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Brading.

8 NICHOLAS CLOSE: Plot and Title Map

8 NICHOLAS CLOSE sits on a plot of roughly 0.081 of an acre, or 326m². The below map shows the location of 8 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 8 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 8 NICHOLAS CLOSE?

8 NICHOLAS CLOSE is located in BRADING, in the PO36 postcode district. The below map shows the position of No. 8 on NICHOLAS CLOSE.