58, GREEN LANE, SHANKLIN, PO37 7EA - £250,000

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

58 GREEN LANE is a small detached house of 85m², built sometime between 1930 and 1949. It was last sold for £250,000 in July 2022, which was around 41% below the average July 2022 detached price in the Isle of Wight local authority area. The most recent EPC inspection was October 2020, where the current energy rating was D, and the potential energy rating was B.

58 GREEN LANE Sold Prices

Land registry data shows two sales for 58 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 58 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 15 JUL	£250,000	£424,658	41% below HPI
2021 19 MAY	£201,000	£365,654	45% below HPI

58 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 58 GREEN LANE sales from May 2021 and July 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 May 2021 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the July 2022 sale, where it rises to 41% below the HPI. The line then continues to track at 41% below the HPI.

How Large is 58 GREEN LANE?

58 GREEN LANE is 85m² according to the EPC inspection conducted in October 2020. This puts it in the smallest 30% of detached houses in Shanklin, based on EPC data. The below chart shows the distribution of detached houses by size in Shanklin, and where 58 GREEN LANE lies on this distribution: 28% of detached houses are smaller than 58 GREEN LANE, and 71% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

58 GREEN LANE: Plot and Title Map

58 GREEN LANE sits on a plot of roughly 0.063 of an acre, or 255m². The below map shows the location of 58 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 58 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 58 GREEN LANE?

58 GREEN LANE is located in SHANKLIN, in the PO37 postcode district. The below map shows the position of No. 58 on GREEN LANE.