29, WHEELER WAY, SHANKLIN, PO37 7HE - £232,000

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.

29 WHEELER WAY is a very small detached house of 68m², built sometime between 1967 and 1975, which could now be worth an estimated £336,517. It was last sold for £232,000 in June 2016, which was around 17% below the average June 2016 detached price in the Isle of Wight local authority area. The most recent EPC inspection was April 2013, where the current energy rating was C, and the potential energy rating was B.

29 WHEELER WAY Sold Prices

Land registry data shows two sales for 29 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 29 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
2016 30 JUN	£232,000	£280,672	17% below HPI
2014 6 FEB	£172,500	£253,639	32% below HPI

29 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 29 WHEELER WAY sales from February 2014 and June 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 February 2014 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the June 2016 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 29 WHEELER WAY be worth now?

29 WHEELER WAY might now be worth an estimated £336,517.

This is based on house price inflation of 45.1%, between June 2016 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 45.1% inflationary increase is applied to the most recent sale price for 29 WHEELER WAY of £232,000 on 30th June 2016. For the value to have increased from £232,000 to £336,517 over the nine years and four months to February 2025, the following assumptions must hold true:

• The value of 29 WHEELER WAY has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The June 2016 sale price of £232,000 represented a fair market value for the property.
• The size, condition, and specification of 29 WHEELER WAY has not materially changed since June 2016.

How Large is 29 WHEELER WAY?

29 WHEELER WAY is 68m² according to the EPC inspection conducted in April 2013. 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 29 WHEELER WAY lies on this distribution: 9% of detached houses houses are smaller than 29 WHEELER WAY, and 90% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

29 WHEELER WAY: Plot and Title Map

29 WHEELER WAY sits on a plot of roughly 0.091 of an acre, or 369m². The below map shows the location of 29 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 29 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 29 WHEELER WAY?

29 WHEELER WAY is located in SHANKLIN, in the PO37 postcode district. The below map shows the position of No. 29 on WHEELER WAY.