7, ORCHARD ROAD, SHANKLIN, PO37 7NX - £163,000

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 ORCHARD ROAD is a very small detached house of 69m², built sometime between 1967 and 1975. It was last sold for £163,000 in December 2002, which was around 12% below the average December 2002 detached price in the Isle of Wight local authority area. The most recent EPC inspection was July 2023, where the current energy rating was D, and the potential energy rating was B.

7 ORCHARD ROAD Sold Prices

Land registry data shows two sales for 7 ORCHARD ROAD 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 7 ORCHARD ROAD 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
2002 5 DEC	£163,000	£184,364	12% below HPI
1997 19 DEC	£77,500	£84,767	9% below HPI

7 ORCHARD ROAD 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 7 ORCHARD ROAD sales from December 1997 and December 2002 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 December 1997 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the December 2002 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 7 ORCHARD ROAD?

7 ORCHARD ROAD is 69m² according to the EPC inspection conducted in July 2023. 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 7 ORCHARD ROAD lies on this distribution: 10% of detached houses are smaller than 7 ORCHARD ROAD, and 90% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

7 ORCHARD ROAD: Plot and Title Map

7 ORCHARD ROAD sits on a plot of roughly 0.117 of an acre, or 473m². The below map shows the location of 7 ORCHARD ROAD, 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 ORCHARD ROAD). 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 ORCHARD ROAD?

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