56, SILVER TREES, SHANKLIN, PO37 7ND - £167,000

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

56 SILVER TREES is a very small detached house of 77m², built sometime between 1967 and 1975. It was last sold for £167,000 in June 2013, which was around 33% below the average June 2013 detached price in the Isle of Wight local authority area. The most recent EPC inspection was June 2022, where the current energy rating was C, and the potential energy rating was B.

56 SILVER TREES Sold Prices

Land registry data shows two sales for 56 SILVER TREES 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 56 SILVER TREES 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
2013 21 JUN	£167,000	£249,351	33% below HPI
1997 27 JUN	£74,000	£77,449	4% below HPI

56 SILVER TREES 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 56 SILVER TREES sales from June 1997 and June 2013 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 June 1997 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the June 2013 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is 56 SILVER TREES?

56 SILVER TREES is 77m² according to the EPC inspection conducted in June 2022. 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 56 SILVER TREES lies on this distribution: 20% of detached houses are smaller than 56 SILVER TREES, and 79% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

56 SILVER TREES: Plot and Title Map

56 SILVER TREES sits on a plot of roughly 0.093 of an acre, or 377m². The below map shows the location of 56 SILVER TREES, 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 56 SILVER TREES). 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 56 SILVER TREES?

56 SILVER TREES is located in SHANKLIN, in the PO37 postcode district. The below map shows the position of No. 56 on SILVER TREES.