16, PRINCES WAY, SHANKLIN, PO37 7DU - £320,000

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 PRINCES WAY is a small detached house of 90m², built sometime between 1950 and 1966. It was last sold for £320,000 in March 2023, which was around 25% below the average March 2023 detached price in the Isle of Wight local authority area. The most recent EPC inspection was October 2015, where the current energy rating was B, and the potential energy rating was A.

16 PRINCES WAY Sold Prices

Land registry data shows three sales for 16 PRINCES WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. Two of the three 16 PRINCES WAY sales were for below the average price, whilst one 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
2023 28 MAR	£320,000	£424,882	25% below HPI
2018 26 FEB	£240,000	£307,887	22% below HPI
2001 20 NOV	£150,000	£146,015	3% above HPI

16 PRINCES WAY 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 three 16 PRINCES WAY sales between November 2001 and March 2023 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 2018 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the March 2023 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 16 PRINCES WAY?

16 PRINCES WAY is 90m² according to the EPC inspection conducted in October 2015. This puts it in the smallest 40% 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 PRINCES WAY lies on this distribution: 34% of detached houses are smaller than 16 PRINCES WAY, and 65% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

16 PRINCES WAY: Plot and Title Map

16 PRINCES WAY sits on a plot of roughly 0.103 of an acre, or 418m². The below map shows the location of 16 PRINCES WAY, 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 PRINCES WAY). 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 PRINCES WAY?

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