5, WHEELER WAY, SHANKLIN, PO37 7HF - £187,000

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

5 WHEELER WAY is a very small detached house of 67m², built sometime between 1950 and 1966. It was last sold for £187,000 in December 2014, which was around 31% below the average December 2014 detached price in the Isle of Wight local authority area. The most recent EPC inspection was October 2014, where the current energy rating was D, and the potential energy rating was B.

5 WHEELER WAY Sold Prices

Land registry data shows three sales for 5 WHEELER WAY 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 5 WHEELER 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
2014 1 DEC	£187,000	£269,910	31% below HPI
2003 18 NOV	£161,000	£204,988	21% below HPI
2001 4 OCT	£118,000	£142,646	17% below HPI

5 WHEELER 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 three 5 WHEELER WAY sales between October 2001 and December 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 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the December 2014 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 5 WHEELER WAY?

5 WHEELER WAY is 67m² according to the EPC inspection conducted in October 2014. This puts it in the smallest 10% 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 WHEELER WAY lies on this distribution: 8% of detached houses are smaller than 5 WHEELER WAY, and 91% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

5 WHEELER WAY: Plot and Title Map

5 WHEELER WAY sits on a plot of roughly 0.101 of an acre, or 409m². The below map shows the location of 5 WHEELER 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 WHEELER 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 WHEELER WAY?

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