16, CEDAR DRIVE, SHANKLIN, PO37 7EN - £325,000

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

16 CEDAR DRIVE is a small extended detached house of 80m², built sometime between 1967 and 1975. It was last sold for £325,000 in June 2021, which was around 12% below the average June 2021 detached price in the Isle of Wight local authority area. The most recent EPC inspection was July 2022, where the current energy rating was C, and the potential energy rating was B.

16 CEDAR DRIVE Sold Prices

Land registry data shows five sales for 16 CEDAR DRIVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. Most of the five 16 CEDAR DRIVE 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 9 JUN	£325,000	£369,466	12% below HPI
2019 7 MAY	£205,000	£322,742	36% below HPI
2002 26 OCT	£380,000	£178,593	113% above HPI
2001 12 OCT	£117,000	£142,646	18% below HPI
1998 30 JAN	£70,000	£83,843	17% below HPI

16 CEDAR DRIVE 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 five 16 CEDAR DRIVE sales between January 1998 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 May 2019 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the June 2021 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 16 CEDAR DRIVE?

16 CEDAR DRIVE is 80m², which includes one extension, according to the EPC inspection conducted in July 2022. This puts it in the smallest 30% of detached houses in Shanklin, based on EPC data. The below chart shows the distribution of detached houses by size in Shanklin, and where 16 CEDAR DRIVE lies on this distribution: 23% of detached houses are smaller than 16 CEDAR DRIVE, and 77% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

16 CEDAR DRIVE: Plot and Title Map

16 CEDAR DRIVE sits on a plot of roughly 0.108 of an acre, or 438m². The below map shows the location of 16 CEDAR DRIVE, 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 16 CEDAR DRIVE). 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 16 CEDAR DRIVE?

16 CEDAR DRIVE is located in SHANKLIN, in the PO37 postcode district. The below map shows the position of No. 16 on CEDAR DRIVE.