23, WHEELER WAY, SHANKLIN, PO37 7HE - £340,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

23 WHEELER WAY is a very small detached house of 68m², built sometime between 1950 and 1966, which could now be worth an estimated £332,894. It was last sold for £340,000 in July 2022, which was around 18% below the average July 2022 detached price in the Isle of Wight local authority area. The most recent EPC inspection was March 2022, where the current energy rating was D, and the potential energy rating was B.

23 WHEELER WAY Sold Prices

Land registry data shows two sales for 23 WHEELER WAY 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 23 WHEELER 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
2022 22 JUL	£340,000	£415,806	18% below HPI
1996 29 MAR	£59,000	£69,680	15% below HPI

23 WHEELER 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 two 23 WHEELER WAY sales from March 1996 and July 2022 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 1996 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the July 2022 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 23 WHEELER WAY be worth now?

23 WHEELER WAY might now be worth an estimated £332,894.

This is based on house price deflation of 2.1%, between July 2022 and February 2025, for detached houses, in the Isle of Wight local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.1% deflationary decrease is applied to the most recent sale price for 23 WHEELER WAY of £340,000 on 22nd July 2022. For the value to have decreased from £340,000 to £332,894 over the three years and five months to February 2025, the following assumptions must hold true:

• The value of 23 WHEELER WAY has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The July 2022 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of 23 WHEELER WAY has not materially changed since July 2022.

How Large is 23 WHEELER WAY?

23 WHEELER WAY is 68m² according to the EPC inspection conducted in March 2022. This puts it in the smallest 10% of detached houses houses in Shanklin, based on EPC data. The below chart shows the distribution of detached houses houses by size in Shanklin, and where 23 WHEELER WAY lies on this distribution: 9% of detached houses houses are smaller than 23 WHEELER WAY, and 90% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

23 WHEELER WAY: Plot and Title Map

23 WHEELER WAY sits on a plot of roughly 0.089 of an acre, or 360m². The below map shows the location of 23 WHEELER 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 23 WHEELER 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 23 WHEELER WAY?

23 WHEELER WAY is located in SHANKLIN, in the PO37 postcode district. The below map shows the position of No. 23 on WHEELER WAY.