3, CEDAR DRIVE, SHANKLIN, PO37 7EN - £310,000

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

3 CEDAR DRIVE is a very small detached house of 63m², built sometime between 1950 and 1966. It was last sold for £310,000 in November 2020, which was around 14% below the average November 2020 detached price in the Isle of Wight local authority area. The most recent EPC inspection was February 2016, where the current energy rating was E, and the potential energy rating was C.

3 CEDAR DRIVE Sold Prices

Land registry data shows two sales for 3 CEDAR DRIVE 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 3 CEDAR DRIVE 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
2020 9 NOV	£310,000	£361,414	14% below HPI
2016 27 APR	£185,000	£288,855	36% below HPI

3 CEDAR DRIVE 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 3 CEDAR DRIVE sales from April 2016 and November 2020 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 April 2016 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the November 2020 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 3 CEDAR DRIVE?

3 CEDAR DRIVE is 63m² according to the EPC inspection conducted in February 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 3 CEDAR DRIVE lies on this distribution: 4% of detached houses are smaller than 3 CEDAR DRIVE, and 96% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

3 CEDAR DRIVE: Plot and Title Map

3 CEDAR DRIVE sits on a plot of roughly 0.124 of an acre, or 503m². The below map shows the location of 3 CEDAR DRIVE, 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 3 CEDAR DRIVE). 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 3 CEDAR DRIVE?

3 CEDAR DRIVE is located in SHANKLIN, in the PO37 postcode district. The below map shows the position of No. 3 on CEDAR DRIVE.