43, GREEN LANE, SHANKLIN, PO37 7JF - £275,000

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

43 GREEN LANE is a midsized detached house of 98m², built sometime between 1930 and 1949. It was last sold for £275,000 in November 2020, which was around 24% below the average November 2020 detached price in the Isle of Wight local authority area. The most recent EPC inspection was June 2020, where the current energy rating was E, and the potential energy rating was C.

43 GREEN LANE Sold Prices

Land registry data shows two sales for 43 GREEN LANE 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 43 GREEN LANE 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 3 NOV	£275,000	£361,414	24% below HPI
2019 23 OCT	£190,000	£330,575	43% below HPI

43 GREEN LANE 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 43 GREEN LANE sales from October 2019 and November 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 October 2019 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the November 2020 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 43 GREEN LANE?

43 GREEN LANE is 98m² according to the EPC inspection conducted in June 2020. This puts it in the smallest 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 43 GREEN LANE lies on this distribution: 42% of detached houses are smaller than 43 GREEN LANE, and 57% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

43 GREEN LANE: Plot and Title Map

43 GREEN LANE sits on a plot of roughly 0.061 of an acre, or 249m². The below map shows the location of 43 GREEN LANE, 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 43 GREEN LANE). 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 43 GREEN LANE?

43 GREEN LANE is located in SHANKLIN, in the PO37 postcode district. The below map shows the position of No. 43 on GREEN LANE.