50, GREEN LANE, SHANKLIN, PO37 7EA - £350,000

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

50 GREEN LANE is a midsized extended detached house of 118m², built sometime between 1930 and 1949. It was last sold for £350,000 in March 2022, which was around 14% below the average March 2022 detached price in the Isle of Wight local authority area. The most recent EPC inspection was April 2023, where the current energy rating was D, and the potential energy rating was B.

50 GREEN LANE Sold Prices

Land registry data shows four sales for 50 GREEN LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. All of the four 50 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 30 MAR	£350,000	£407,446	14% below HPI
2005 21 OCT	£200,000	£243,518	18% below HPI
2002 13 DEC	£151,635	£184,364	18% below HPI
1997 7 MAR	£58,000	£72,503	20% below HPI

50 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 four 50 GREEN LANE sales between March 1997 and March 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 October 2005 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the March 2022 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 50 GREEN LANE?

50 GREEN LANE is 118m², which includes one extension, according to the EPC inspection conducted in April 2023. This puts it in the largest 50% of detached houses in Shanklin, based on EPC data. The below chart shows the distribution of detached houses by size in Shanklin, and where 50 GREEN LANE lies on this distribution: 58% of detached houses are smaller than 50 GREEN LANE, and 41% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

50 GREEN LANE: Plot and Title Map

50 GREEN LANE sits on a plot of roughly 0.088 of an acre, or 356m². The below map shows the location of 50 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 50 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 50 GREEN LANE?

50 GREEN LANE is located in SHANKLIN, in the PO37 postcode district. The below map shows the position of No. 50 on GREEN LANE.