31, WHEELER WAY, SHANKLIN, PO37 7HE - £363,000

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 WHEELER WAY is a small extended detached house of 90m², built sometime between 1967 and 1975. It was last sold for £363,000 in June 2021, which was around 2% below the average June 2021 detached price in the Isle of Wight local authority area. The most recent EPC inspection was March 2017, where the current energy rating was D, and the potential energy rating was B.

31 WHEELER WAY Sold Prices

Land registry data shows two sales for 31 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 31 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
2021 30 JUN	£363,000	£369,466	2% below HPI
2018 26 JAN	£290,000	£305,686	5% below HPI

31 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 31 WHEELER WAY sales from January 2018 and June 2021 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 January 2018 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the June 2021 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is 31 WHEELER WAY?

31 WHEELER WAY is 90m², which includes one extension, according to the EPC inspection conducted in March 2017. This puts it in the smallest 40% 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 WHEELER WAY lies on this distribution: 34% of detached houses are smaller than 31 WHEELER WAY, and 65% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

31 WHEELER WAY: Plot and Title Map

31 WHEELER WAY sits on a plot of roughly 0.130 of an acre, or 527m². The below map shows the location of 31 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 31 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 31 WHEELER WAY?

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