10, LUCERNE ROAD, SHANKLIN, PO37 7JL - £280,000

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.

10 LUCERNE ROAD is a midsized extended detached house of 101m², built sometime between 1930 and 1949, which could now be worth an estimated £263,629. It was last sold for £280,000 in November 2022, which was around 35% below the average November 2022 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.

10 LUCERNE ROAD Sold Prices

Land registry data shows six sales for 10 LUCERNE ROAD since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. All of the six 10 LUCERNE ROAD 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
2022 18 NOV	£280,000	£432,397	35% below HPI
2022 7 JUL	£291,000	£415,806	30% below HPI
2020 27 MAY	£247,500	£325,479	24% below HPI
2009 25 SEP	£230,000	£236,323	3% below HPI
2000 1 SEP	£113,000	£123,475	8% below HPI
1997 8 OCT	£70,000	£81,078	14% below HPI

10 LUCERNE ROAD 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 six 10 LUCERNE ROAD sales between October 1997 and November 2022 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 July 2022 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the November 2022 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 10 LUCERNE ROAD be worth now?

10 LUCERNE ROAD might now be worth an estimated £263,629.

This is based on house price deflation of 5.8%, between November 2022 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 5.8% deflationary decrease is applied to the most recent sale price for 10 LUCERNE ROAD of £280,000 on 18th November 2022. For the value to have decreased from £280,000 to £263,629 over the three years and nine months to February 2025, the following assumptions must hold true:

• The value of 10 LUCERNE ROAD has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The November 2022 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of 10 LUCERNE ROAD has not materially changed since November 2022.

How Large is 10 LUCERNE ROAD?

10 LUCERNE ROAD is 101m², which includes two extensions, according to the EPC inspection conducted in April 2019. This puts it in the smallest 50% of detached houses houses in Shanklin, based on EPC data. The below chart shows the distribution of detached houses houses by size in Shanklin, and where 10 LUCERNE ROAD lies on this distribution: 46% of detached houses houses are smaller than 10 LUCERNE ROAD, and 54% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

10 LUCERNE ROAD: Plot and Title Map

10 LUCERNE ROAD sits on a plot of roughly 0.069 of an acre, or 281m². The below map shows the location of 10 LUCERNE ROAD, 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 10 LUCERNE ROAD). 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 10 LUCERNE ROAD?

10 LUCERNE ROAD is located in SHANKLIN, in the PO37 postcode district. The below map shows the position of No. 10 on LUCERNE ROAD.