7, EAST MEAD, SHANKLIN, PO37 6NA - £494,000

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

7 EAST MEAD is a large detached house of 140m², built sometime between 1976 and 1982. It was last sold for £494,000 in August 2021, which was around 34% above the average August 2021 detached price in the Isle of Wight local authority area. The most recent EPC inspection was March 2021, where the current energy rating was C, and the potential energy rating was B.

7 EAST MEAD Sold Prices

Land registry data shows three sales for 7 EAST MEAD 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 7 EAST MEAD sales were 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
2021 10 AUG	£494,000	£368,139	34% above HPI
2015 24 AUG	£370,000	£279,826	32% above HPI
1997 3 MAR	£82,500	£72,503	14% above HPI

7 EAST MEAD 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 7 EAST MEAD sales between March 1997 and August 2021 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 2015 sale was for 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the August 2021 sale, where it rises to 34% above the HPI. The line then continues to track at 34% above the HPI.

How Large is 7 EAST MEAD?

7 EAST MEAD is 140m² according to the EPC inspection conducted in March 2021. This puts it in the largest 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 7 EAST MEAD lies on this distribution: 71% of detached houses are smaller than 7 EAST MEAD, and 28% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

7 EAST MEAD: Plot and Title Map

7 EAST MEAD sits on a plot of roughly 0.284 of an acre, or 1,148m². The below map shows the location of 7 EAST MEAD, 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 7 EAST MEAD). 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 7 EAST MEAD?

7 EAST MEAD is located in SHANKLIN, in the PO37 postcode district. The below map shows the position of No. 7 on EAST MEAD.