112, GREEN LANE, SHANKLIN, PO37 7EU - £273,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

112 GREEN LANE is a very small detached house of 72m², built sometime between 1967 and 1975. It was last sold for £273,000 in June 2021, which was around 26% below the average June 2021 detached price in the Isle of Wight local authority area. The most recent EPC inspection was June 2020, where the current energy rating was D, and the potential energy rating was C.

112 GREEN LANE Sold Prices

Land registry data shows four sales for 112 GREEN LANE 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 112 GREEN LANE 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
2021 28 JUN	£273,000	£369,466	26% below HPI
2021 16 FEB	£205,000	£363,833	44% below HPI
2004 27 JUL	£180,000	£224,612	20% below HPI
1997 28 NOV	£74,195	£83,780	11% below HPI

112 GREEN LANE 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 112 GREEN LANE sales between November 1997 and June 2021 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 2021 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the June 2021 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 112 GREEN LANE?

112 GREEN LANE is 72m² according to the EPC inspection conducted in June 2020. This puts it in the smallest 20% of detached houses in Shanklin, based on EPC data. The below chart shows the distribution of detached houses by size in Shanklin, and where 112 GREEN LANE lies on this distribution: 13% of detached houses are smaller than 112 GREEN LANE, and 87% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

112 GREEN LANE: Plot and Title Map

112 GREEN LANE sits on a plot of roughly 0.093 of an acre, or 376m². The below map shows the location of 112 GREEN LANE, 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 112 GREEN LANE). 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 112 GREEN LANE?

112 GREEN LANE is located in SHANKLIN, in the PO37 postcode district. The below map shows the position of No. 112 on GREEN LANE.