2, PADDOCK ROAD, SHANKLIN, PO37 6NZ - £345,000

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 PADDOCK ROAD is a very small detached house of 36m², built sometime between 1900 and 1929. It was last sold for £345,000 in December 2003, which was around 65% above the average December 2003 detached price in the Isle of Wight local authority area. The most recent EPC inspection was April 2009, where the current energy rating was F, and the potential energy rating was E.

2 PADDOCK ROAD Sold Prices

Land registry data shows three sales for 2 PADDOCK ROAD 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. All of the three 2 PADDOCK ROAD sales were 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
2003 1 DEC	£345,000	£208,499	65% above HPI
2000 31 MAR	£192,000	£112,759	70% above HPI
1995 31 AUG	£115,000	£69,856	65% above HPI

2 PADDOCK ROAD 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 PADDOCK ROAD sales between August 1995 and December 2003 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 March 2000 sale was for 70% above the HPI. So the extrapolation line tracks at 70% above the HPI over time, until the December 2003 sale, where it falls to 65% above the HPI. The line then continues to track at 65% above the HPI.

How Large is 2 PADDOCK ROAD?

2 PADDOCK ROAD is 36m² according to the EPC inspection conducted in April 2009. This puts it in the smallest 10% 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 PADDOCK ROAD lies on this distribution: Less than 1% of detached houses are smaller than 2 PADDOCK ROAD, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

2 PADDOCK ROAD: Plot and Title Map

2 PADDOCK ROAD sits on a plot of roughly 0.182 of an acre, or 738m². The below map shows the location of 2 PADDOCK ROAD, 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 PADDOCK ROAD). 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 PADDOCK ROAD?

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