31, SILVER TREES, SHANKLIN, PO37 7ND - £240,000

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

31 SILVER TREES is a midsized extended detached house of 108m², built sometime between 1991 and 1995. It was last sold for £240,000 in July 2020, which was around 29% below the average July 2020 detached price in the Isle of Wight local authority area. The most recent EPC inspection was May 2020, where the current energy rating was C, and the potential energy rating was B.

31 SILVER TREES Sold Prices

Land registry data shows three sales for 31 SILVER TREES 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 31 SILVER TREES 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 24 JUL	£240,000	£336,017	29% below HPI
2007 12 APR	£179,950	£259,496	31% below HPI
1999 3 DEC	£85,000	£108,185	21% below HPI

31 SILVER TREES 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 31 SILVER TREES sales between December 1999 and July 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 2007 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the July 2020 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 31 SILVER TREES?

31 SILVER TREES is 108m², which includes one extension, according to the EPC inspection conducted in May 2020. This puts it in the largest 50% of detached houses in Shanklin, based on EPC data. The below chart shows the distribution of detached houses by size in Shanklin, and where 31 SILVER TREES lies on this distribution: 51% of detached houses are smaller than 31 SILVER TREES, and 48% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

31 SILVER TREES: Plot and Title Map

31 SILVER TREES sits on a plot of roughly 0.055 of an acre, or 224m². The below map shows the location of 31 SILVER TREES, 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 SILVER TREES). 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 SILVER TREES?

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