51, GREEN LANE, SHANKLIN, PO37 7DX - £395,000

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

51 GREEN LANE is a large extended detached house of 126m², built sometime between 1950 and 1966. It was last sold for £395,000 in May 2023, which was around 8% below the average May 2023 detached price in the Isle of Wight local authority area. The most recent EPC inspection was October 2022, where the current energy rating was D, and the potential energy rating was C.

51 GREEN LANE Sold Prices

Land registry data shows two sales for 51 GREEN LANE 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. One of the two 51 GREEN LANE sales was for below the average price, whilst the other was for above 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
2023 11 MAY	£395,000	£428,324	8% below HPI
1997 17 SEP	£93,500	£81,314	15% above HPI

51 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 two 51 GREEN LANE sales from September 1997 and May 2023 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 September 1997 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the May 2023 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is 51 GREEN LANE?

51 GREEN LANE is 126m², which includes two extensions, according to the EPC inspection conducted in October 2022. This puts it in the largest 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 51 GREEN LANE lies on this distribution: 64% of detached houses are smaller than 51 GREEN LANE, and 35% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

51 GREEN LANE: Plot and Title Map

51 GREEN LANE sits on a plot of roughly 0.214 of an acre, or 866m². The below map shows the location of 51 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 51 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 51 GREEN LANE?

51 GREEN LANE is located in SHANKLIN, in the PO37 postcode district. The below map shows the position of No. 51 on GREEN LANE.