2, FIR TREE CLOSE, SHANKLIN, PO37 7EX - £240,000

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

2 FIR TREE CLOSE is a large detached house of 96m². It was last sold for £240,000 in February 2020, which was around 28% below the average February 2020 detached price in the Isle of Wight local authority area. The most recent EPC inspection was June 2019, where the current energy rating was B, and the potential energy rating was A.

2 FIR TREE CLOSE Sold Prices

Land registry data shows two sales for 2 FIR TREE CLOSE 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 2 FIR TREE CLOSE 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
2020 17 FEB	£240,000	£331,201	28% below HPI
2018 28 NOV	£50,000	£319,862	84% below HPI

2 FIR TREE CLOSE 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 2 FIR TREE CLOSE sales from November 2018 and February 2020 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 November 2018 sale was for 84% below the HPI. So the extrapolation line tracks at 84% below the HPI over time, until the February 2020 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 2 FIR TREE CLOSE?

2 FIR TREE CLOSE is 96m² according to the EPC inspection conducted in June 2019. This puts it in the largest 40% of detached houses in Sandown, based on EPC data. The below chart shows the distribution of detached houses by size in Sandown, and where 2 FIR TREE CLOSE lies on this distribution: 61% of detached houses are smaller than 2 FIR TREE CLOSE, and 38% of houses are larger. Note that EPC data is not available for all properties in Sandown.

2 FIR TREE CLOSE: Plot and Title Map

2 FIR TREE CLOSE sits on a plot of roughly 0.050 of an acre, or 203m². The below map shows the location of 2 FIR TREE CLOSE, 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 2 FIR TREE CLOSE). 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 2 FIR TREE CLOSE?

2 FIR TREE CLOSE is located in SHANKLIN, in the PO37 postcode district. The below map shows the position of No. 2 on FIR TREE CLOSE.