21, PRINCES WAY, SHANKLIN, PO37 7DU - £250,000

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

21 PRINCES WAY is a very small detached house of 68m², built sometime between 1967 and 1975. It was last sold for £250,000 in March 2017, which was around 16% below the average March 2017 detached price in the Isle of Wight local authority area. The most recent EPC inspection was August 2016, where the current energy rating was E, and the potential energy rating was B.

21 PRINCES WAY Sold Prices

Land registry data shows three sales for 21 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. All of the three 21 PRINCES WAY 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
2017 6 MAR	£250,000	£299,115	16% below HPI
2016 26 SEP	£177,500	£295,772	40% below HPI
1996 20 NOV	£66,000	£70,517	6% below HPI

21 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 21 PRINCES WAY sales between November 1996 and March 2017 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 September 2016 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the March 2017 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 21 PRINCES WAY?

21 PRINCES WAY is 68m² according to the EPC inspection conducted in August 2016. 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 21 PRINCES WAY lies on this distribution: 9% of detached houses are smaller than 21 PRINCES WAY, and 90% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

21 PRINCES WAY: Plot and Title Map

21 PRINCES WAY sits on a plot of roughly 0.106 of an acre, or 430m². The below map shows the location of 21 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 21 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 21 PRINCES WAY?

21 PRINCES WAY is located in SHANKLIN, in the PO37 postcode district. The below map shows the position of No. 21 on PRINCES WAY.