31, HOPE ROAD, SHANKLIN, PO37 6ED - £530,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

31 HOPE ROAD is a large detached house of 156m², built sometime between 1900 and 1929, which could now be worth an estimated £732,104. It was last sold for £530,000 in June 2017, which was around 80% above the average June 2017 detached price in the Isle of Wight local authority area. The most recent EPC inspection was July 2022, where the current energy rating was E, and the potential energy rating was B.

31 HOPE ROAD Sold Prices

Land registry data shows two sales for 31 HOPE ROAD 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 31 HOPE 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
2017 5 JUN	£530,000	£294,728	80% above HPI
2015 5 JUN	£470,000	£268,428	75% above HPI

31 HOPE 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 two 31 HOPE ROAD sales from June 2015 and June 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 June 2015 sale was for 75% above the HPI. So the extrapolation line tracks at 75% above the HPI over time, until the June 2017 sale, where it rises to 80% above the HPI. The line then continues to track at 80% above the HPI.

What might 31 HOPE ROAD be worth now?

31 HOPE ROAD might now be worth an estimated £732,104.

This is based on house price inflation of 38.1%, between June 2017 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 38.1% inflationary increase is applied to the most recent sale price for 31 HOPE ROAD of £530,000 on 5th June 2017. For the value to have increased from £530,000 to £732,104 over the eight years and four months to February 2025, the following assumptions must hold true:

• The value of 31 HOPE ROAD has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The June 2017 sale price of £530,000 represented a fair market value for the property.
• The size, condition, and specification of 31 HOPE ROAD has not materially changed since June 2017.

How Large is 31 HOPE ROAD?

31 HOPE ROAD is 156m² according to the EPC inspection conducted in July 2022. This puts it in the largest 30% 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 31 HOPE ROAD lies on this distribution: 78% of detached houses houses are smaller than 31 HOPE ROAD, and 22% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

31 HOPE ROAD: Plot and Title Map

31 HOPE ROAD sits on a plot of roughly 0.134 of an acre, or 542m². The below map shows the location of 31 HOPE 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 31 HOPE 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 31 HOPE ROAD?

31 HOPE ROAD is located in SHANKLIN, in the PO37 postcode district. The below map shows the position of No. 31 on HOPE ROAD.