34A, SPRING GARDENS, SHANKLIN, PO37 7AQ - £225,000

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

34A SPRING GARDENS is a very small detached house of 51m², built sometime between 1930 and 1949. It was last sold for £225,000 in January 2008, which was around 16% below the average January 2008 detached price in the Isle of Wight local authority area. The most recent EPC inspection was December 2023, where the current energy rating was D, and the potential energy rating was B.

34A SPRING GARDENS Sold Prices

Land registry data shows three sales for 34A SPRING GARDENS 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 34A SPRING GARDENS 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
2008 18 JAN	£225,000	£268,398	16% below HPI
1998 25 SEP	£48,000	£92,265	48% below HPI
1996 3 JUN	£29,000	£69,114	58% below HPI

34A SPRING GARDENS 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 34A SPRING GARDENS sales between June 1996 and January 2008 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 September 1998 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the January 2008 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 34A SPRING GARDENS?

34A SPRING GARDENS is 51m² according to the EPC inspection conducted in December 2023. 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 34A SPRING GARDENS lies on this distribution: 1% of detached houses are smaller than 34A SPRING GARDENS, and 99% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

34A SPRING GARDENS: Plot and Title Map

34A SPRING GARDENS sits on a plot of roughly 0.111 of an acre, or 447m². The below map shows the location of 34A SPRING GARDENS, 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 34A SPRING GARDENS). 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 34A SPRING GARDENS?

34A SPRING GARDENS is located in SHANKLIN, in the PO37 postcode district. The below map shows the position of No. 34A on SPRING GARDENS.