78, SILVER TREES, SHANKLIN, PO37 7ND - £230,000

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

78 SILVER TREES is a midsized extended detached house of 109m², built sometime between 1996 and 2002. It was last sold for £230,000 in June 2020, which was around 31% below the average June 2020 detached price in the Isle of Wight local authority area. The most recent EPC inspection was September 2019, where the current energy rating was C, and the potential energy rating was B.

78 SILVER TREES Sold Prices

Land registry data shows four sales for 78 SILVER TREES since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. All of the four 78 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
2020 8 JUN	£230,000	£334,146	31% below HPI
2013 17 MAY	£190,000	£243,197	22% below HPI
2004 27 MAY	£185,000	£215,732	14% below HPI
2000 9 OCT	£93,000	£127,735	27% below HPI

78 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 four 78 SILVER TREES sales between October 2000 and June 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 May 2013 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the June 2020 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 78 SILVER TREES?

78 SILVER TREES is 109m², which includes one extension, according to the EPC inspection conducted in September 2019. This puts it in the largest 50% of detached houses in Shanklin, based on EPC data. The below chart shows the distribution of detached houses by size in Shanklin, and where 78 SILVER TREES lies on this distribution: 52% of detached houses are smaller than 78 SILVER TREES, and 48% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

78 SILVER TREES: Plot and Title Map

78 SILVER TREES sits on a plot of roughly 0.063 of an acre, or 256m². The below map shows the location of 78 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 78 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 78 SILVER TREES?

78 SILVER TREES is located in SHANKLIN, in the PO37 postcode district. The below map shows the position of No. 78 on SILVER TREES.