5, DRACAENA GARDENS, SHANKLIN, PO37 7JQ - £78,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

5 DRACAENA GARDENS is a midsized detached house of 101m², built sometime between 1930 and 1949, which could now be worth an estimated £369,297. It was last sold for £78,500 in July 1998, which was around 9% below the average July 1998 detached price in the Isle of Wight local authority area. The most recent EPC inspection was August 2022, where the current energy rating was D, and the potential energy rating was B.

5 DRACAENA GARDENS Sold Prices

Land registry data shows two sales for 5 DRACAENA GARDENS 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 5 DRACAENA 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
1998 13 JUL	£78,500	£86,539	9% below HPI
1996 31 MAY	£59,995	£67,710	11% below HPI

5 DRACAENA 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 two 5 DRACAENA GARDENS sales from May 1996 and July 1998 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 May 1996 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the July 1998 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 5 DRACAENA GARDENS be worth now?

5 DRACAENA GARDENS might now be worth an estimated £369,297.

This is based on house price inflation of 370.4%, between July 1998 and February 2025, for detached houses, in the Isle of Wight local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 370.4% inflationary increase is applied to the most recent sale price for 5 DRACAENA GARDENS of £78,500 on 13th July 1998. For the value to have increased from £78,500 to £369,297 over the 27 years and five months to February 2025, the following assumptions must hold true:

• The value of 5 DRACAENA GARDENS has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The July 1998 sale price of £78,500 represented a fair market value for the property.
• The size, condition, and specification of 5 DRACAENA GARDENS has not materially changed since July 1998.

How Large is 5 DRACAENA GARDENS?

5 DRACAENA GARDENS is 101m² according to the EPC inspection conducted in August 2022. This puts it in the smallest 50% of detached houses houses in Shanklin, based on EPC data. The below chart shows the distribution of detached houses houses by size in Shanklin, and where 5 DRACAENA GARDENS lies on this distribution: 46% of detached houses houses are smaller than 5 DRACAENA GARDENS, and 54% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

5 DRACAENA GARDENS: Plot and Title Map

5 DRACAENA GARDENS sits on a plot of roughly 0.070 of an acre, or 285m². The below map shows the location of 5 DRACAENA 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 5 DRACAENA 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 5 DRACAENA GARDENS?

5 DRACAENA GARDENS is located in SHANKLIN, in the PO37 postcode district. The below map shows the position of No. 5 on DRACAENA GARDENS.