5, PRINCES WAY, SHANKLIN, PO37 7DY - £180,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

5 PRINCES WAY is a very small detached house of 77m², built sometime between 1950 and 1966. It was last sold for £180,000 in May 2015, which was around 33% below the average May 2015 detached price in the Isle of Wight local authority area. The most recent EPC inspection was April 2015, where the current energy rating was D, and the potential energy rating was B.

5 PRINCES WAY Sold Prices

Land registry data shows two sales for 5 PRINCES WAY 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 PRINCES WAY 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
2015 21 MAY	£180,000	£268,128	33% below HPI
1996 25 MAR	£57,000	£71,164	20% below HPI

5 PRINCES WAY 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 PRINCES WAY sales from March 1996 and May 2015 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 March 1996 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the May 2015 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is 5 PRINCES WAY?

5 PRINCES WAY is 77m² according to the EPC inspection conducted in April 2015. 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 5 PRINCES WAY lies on this distribution: 20% of detached houses are smaller than 5 PRINCES WAY, and 79% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

5 PRINCES WAY: Plot and Title Map

5 PRINCES WAY sits on a plot of roughly 0.154 of an acre, or 625m². The below map shows the location of 5 PRINCES WAY, 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 PRINCES WAY). 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 PRINCES WAY?

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