2, GREEN LANE, SHANKLIN, PO37 7JH - £300,000

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 GREEN LANE is a midsized detached house of 113m², built sometime between 1930 and 1949. It was last sold for £300,000 in September 2016, which was around 1% above the average September 2016 detached price in the Isle of Wight local authority area. The most recent EPC inspection was March 2016, where the current energy rating was D, and the potential energy rating was B.

2 GREEN LANE Sold Prices

Land registry data shows three sales for 2 GREEN LANE 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 2 GREEN LANE sales were for above the average price, whilst one was 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
2016 1 SEP	£300,000	£295,772	1% above HPI
2006 21 JUL	£249,950	£247,337	1% above HPI
2004 7 JUN	£208,000	£221,074	6% below HPI

2 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 three 2 GREEN LANE sales between June 2004 and September 2016 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 July 2006 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the September 2016 sale, which was also at 1% above the HPI.

How Large is 2 GREEN LANE?

2 GREEN LANE is 113m² according to the EPC inspection conducted in March 2016. This puts it in the largest 50% of detached houses in Shanklin, based on EPC data. The below chart shows the distribution of detached houses by size in Shanklin, and where 2 GREEN LANE lies on this distribution: 54% of detached houses are smaller than 2 GREEN LANE, and 46% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

2 GREEN LANE: Plot and Title Map

2 GREEN LANE sits on a plot of roughly 0.101 of an acre, or 411m². The below map shows the location of 2 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 2 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 2 GREEN LANE?

2 GREEN LANE is located in SHANKLIN, in the PO37 postcode district. The below map shows the position of No. 2 on GREEN LANE.