38, ORCHARD ROAD, SHANKLIN, PO37 7NX - £252,500

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

38 ORCHARD ROAD is a very small detached house of 74m², built sometime between 1967 and 1975. It was last sold for £252,500 in April 2017, which was around 16% below the average April 2017 detached price in the Isle of Wight local authority area. The most recent EPC inspection was February 2016, where the current energy rating was D, and the potential energy rating was B.

38 ORCHARD ROAD Sold Prices

Land registry data shows two sales for 38 ORCHARD 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 38 ORCHARD ROAD 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
2017 21 APR	£252,500	£299,614	16% below HPI
2017 25 JAN	£245,000	£295,563	17% below HPI

38 ORCHARD 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 38 ORCHARD ROAD sales from January 2017 and April 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 January 2017 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the April 2017 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 38 ORCHARD ROAD?

38 ORCHARD ROAD is 74m² according to the EPC inspection conducted in February 2016. This puts it in the smallest 20% of detached houses in Shanklin, based on EPC data. The below chart shows the distribution of detached houses by size in Shanklin, and where 38 ORCHARD ROAD lies on this distribution: 14% of detached houses are smaller than 38 ORCHARD ROAD, and 84% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

38 ORCHARD ROAD: Plot and Title Map

38 ORCHARD ROAD sits on a plot of roughly 0.141 of an acre, or 569m². The below map shows the location of 38 ORCHARD 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 38 ORCHARD 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 38 ORCHARD ROAD?

38 ORCHARD ROAD is located in SHANKLIN, in the PO37 postcode district. The below map shows the position of No. 38 on ORCHARD ROAD.