48, GREEN LANE, SHANKLIN, PO37 7EA - £189,000

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

48 GREEN LANE is a small detached house of 90m², built sometime between 1950 and 1966. It was last sold for £189,000 in January 2014, which was around 27% below the average January 2014 detached price in the Isle of Wight local authority area. The most recent EPC inspection was September 2013, where the current energy rating was D, and the potential energy rating was B.

48 GREEN LANE Sold Prices

Land registry data shows three sales for 48 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 48 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
2014 31 JAN	£189,000	£260,353	27% below HPI
2003 20 NOV	£148,350	£204,988	28% below HPI
1996 28 JUN	£50,000	£69,114	28% below HPI

48 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 48 GREEN LANE sales between June 1996 and January 2014 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 November 2003 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the January 2014 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 48 GREEN LANE?

48 GREEN LANE is 90m² according to the EPC inspection conducted in September 2013. 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 48 GREEN LANE lies on this distribution: 34% of detached houses are smaller than 48 GREEN LANE, and 65% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

48 GREEN LANE: Plot and Title Map

48 GREEN LANE sits on a plot of roughly 0.118 of an acre, or 478m². The below map shows the location of 48 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 48 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 48 GREEN LANE?

48 GREEN LANE is located in SHANKLIN, in the PO37 postcode district. The below map shows the position of No. 48 on GREEN LANE.