55, GREEN LANE, SHANKLIN, PO37 7DX - £240,000

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

55 GREEN LANE is a midsized extended detached house of 108m², built sometime between 1950 and 1966. It was last sold for £240,000 in October 2012, which was around 5% below the average October 2012 detached price in the Isle of Wight local authority area. The most recent EPC inspection was March 2012, where the current energy rating was D, and the potential energy rating was C.

55 GREEN LANE Sold Prices

Land registry data shows two sales for 55 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. Both of the two 55 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
2012 12 OCT	£240,000	£253,026	5% below HPI
2007 6 AUG	£220,000	£263,269	16% below HPI

55 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 55 GREEN LANE sales from August 2007 and October 2012 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 August 2007 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the October 2012 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 55 GREEN LANE?

55 GREEN LANE is 108m², which includes two extensions, according to the EPC inspection conducted in March 2012. 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 55 GREEN LANE lies on this distribution: 51% of detached houses are smaller than 55 GREEN LANE, and 49% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

55 GREEN LANE: Plot and Title Map

55 GREEN LANE sits on a plot of roughly 0.217 of an acre, or 879m². The below map shows the location of 55 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 55 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 55 GREEN LANE?

55 GREEN LANE is located in SHANKLIN, in the PO37 postcode district. The below map shows the position of No. 55 on GREEN LANE.