47A, GREEN LANE, SHANKLIN, PO37 7DX - £365,000

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

47A GREEN LANE is a very small detached house of 75m², built sometime between 1967 and 1975. It was last sold for £365,000 in June 2022, which was around 14% below the average June 2022 detached price in the Isle of Wight local authority area. The most recent EPC inspection was July 2021, where the current energy rating was D, and the potential energy rating was B.

47A GREEN LANE Sold Prices

Land registry data shows three sales for 47A GREEN LANE 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 47A 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
2022 16 JUN	£365,000	£423,043	14% below HPI
2009 27 APR	£207,000	£230,871	10% below HPI
2007 13 JUN	£189,500	£259,835	27% below HPI

47A 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 three 47A GREEN LANE sales between June 2007 and June 2022 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 2009 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the June 2022 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 47A GREEN LANE?

47A GREEN LANE is 75m² according to the EPC inspection conducted in July 2021. 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 47A GREEN LANE lies on this distribution: 16% of detached houses are smaller than 47A GREEN LANE, and 83% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

47A GREEN LANE: Plot and Title Map

47A GREEN LANE sits on a plot of roughly 0.161 of an acre, or 652m². The below map shows the location of 47A 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 47A 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 47A GREEN LANE?

47A GREEN LANE is located in SHANKLIN, in the PO37 postcode district. The below map shows the position of No. 47A on GREEN LANE.