18, CEDAR DRIVE, SHANKLIN, PO37 7EN - £335,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

18 CEDAR DRIVE is a small extended detached house of 93m², built sometime between 1967 and 1975. It was last sold for £335,000 in May 2021, which was around 8% below the average May 2021 detached price in the Isle of Wight local authority area. The most recent EPC inspection was July 2014, where the current energy rating was E, and the potential energy rating was B.

18 CEDAR DRIVE Sold Prices

Land registry data shows two sales for 18 CEDAR DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. Both of the two 18 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 7 MAY	£335,000	£365,654	8% below HPI
2015 20 MAY	£239,950	£268,128	11% below HPI

18 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 two 18 CEDAR DRIVE sales from May 2015 and May 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 2015 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the May 2021 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is 18 CEDAR DRIVE?

18 CEDAR DRIVE is 93m², which includes one extension, according to the EPC inspection conducted in July 2014. 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 18 CEDAR DRIVE lies on this distribution: 37% of detached houses are smaller than 18 CEDAR DRIVE, and 62% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

18 CEDAR DRIVE: Plot and Title Map

18 CEDAR DRIVE sits on a plot of roughly 0.178 of an acre, or 720m². The below map shows the location of 18 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 18 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 18 CEDAR DRIVE?

18 CEDAR DRIVE is located in SHANKLIN, in the PO37 postcode district. The below map shows the position of No. 18 on CEDAR DRIVE.