6, CEDAR DRIVE, SHANKLIN, PO37 7ED - £260,000

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

6 CEDAR DRIVE is a very small extended detached house of 76m², built sometime between 1967 and 1975. It was last sold for £260,000 in July 2020, which was around 23% below the average July 2020 detached price in the Isle of Wight local authority area. The most recent EPC inspection was August 2016, where the current energy rating was D, and the potential energy rating was B.

6 CEDAR DRIVE Sold Prices

Land registry data shows three sales for 6 CEDAR DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. All of the three 6 CEDAR DRIVE 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
2020 27 JUL	£260,000	£336,017	23% below HPI
2008 25 JAN	£225,000	£268,398	16% below HPI
2003 8 SEP	£128,500	£198,537	35% below HPI

6 CEDAR DRIVE 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 three 6 CEDAR DRIVE sales between September 2003 and July 2020 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 January 2008 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the July 2020 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 6 CEDAR DRIVE?

6 CEDAR DRIVE is 76m², which includes one extension, according to the EPC inspection conducted in August 2016. 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 6 CEDAR DRIVE lies on this distribution: 18% of detached houses are smaller than 6 CEDAR DRIVE, and 81% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

6 CEDAR DRIVE: Plot and Title Map

6 CEDAR DRIVE sits on a plot of roughly 0.093 of an acre, or 377m². The below map shows the location of 6 CEDAR DRIVE, 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 6 CEDAR DRIVE). 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 6 CEDAR DRIVE?

6 CEDAR DRIVE is located in SHANKLIN, in the PO37 postcode district. The below map shows the position of No. 6 on CEDAR DRIVE.