4, SIMMONDS CLOSE, FRESHWATER, PO40 9RF - £325,000

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 SIMMONDS CLOSE is a small detached house of 72m², built sometime between 1983 and 1990, which could now be worth an estimated £309,470. It was last sold for £325,000 in March 2022, which was around 19% below the average March 2022 detached price in the Isle of Wight local authority area. The most recent EPC inspection was November 2021, where the current energy rating was D, and the potential energy rating was B.

4 SIMMONDS CLOSE Sold Prices

Land registry data shows one sale for 4 SIMMONDS CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2022 17 MAR	£325,000	£398,953	19% below HPI

What might 4 SIMMONDS CLOSE be worth now?

4 SIMMONDS CLOSE might now be worth an estimated £309,470.

This is based on house price deflation of 4.8%, between March 2022 and May 2026, 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 4.8% deflationary decrease is applied to the most recent sale price for 4 SIMMONDS CLOSE of £325,000 on 17th March 2022. For the value to have decreased from £325,000 to £309,470 over the three years and ten months to May 2026, the following assumptions must hold true:

• The value of 4 SIMMONDS CLOSE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The March 2022 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 4 SIMMONDS CLOSE has not materially changed since March 2022.

How Large is 4 SIMMONDS CLOSE?

4 SIMMONDS CLOSE is 72m² according to the EPC inspection conducted in November 2021. This puts it in the smallest 30% of detached houses in Freshwater, based on EPC data. The below chart shows the distribution of detached houses by size in Freshwater, and where 4 SIMMONDS CLOSE lies on this distribution: 21% of detached houses are smaller than 4 SIMMONDS CLOSE, and 77% of detached houses are larger. Note that EPC data is not available for all properties in Freshwater.

4 SIMMONDS CLOSE: Plot

4 SIMMONDS CLOSE sits on a plot of roughly 0.080 of an acre, or 323m².

Where is 4 SIMMONDS CLOSE?

4 SIMMONDS CLOSE is located in FRESHWATER, in the PO40 postcode district.