8, EAST MEAD, SHANKLIN, PO37 6NA - £355,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

8 EAST MEAD is a midsized extended detached house of 116m², built sometime between 1950 and 1966, which could now be worth an estimated £550,905. It was last sold for £355,000 in July 2014, which was around 35% above the average July 2014 detached price in the Isle of Wight local authority area. The most recent EPC inspection was February 2011, where the current energy rating was D, and the potential energy rating was D.

8 EAST MEAD Sold Prices

Land registry data shows two sales for 8 EAST MEAD 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 8 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
2014 23 JUL	£355,000	£262,343	35% above HPI
1999 9 AUG	£150,000	£97,672	54% above HPI

8 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 two 8 EAST MEAD sales from August 1999 and July 2014 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 1999 sale was for 54% above the HPI. So the extrapolation line tracks at 54% above the HPI over time, until the July 2014 sale, where it falls to 35% above the HPI. The line then continues to track at 35% above the HPI.

What might 8 EAST MEAD be worth now?

8 EAST MEAD might now be worth an estimated £550,905.

This is based on house price inflation of 55.2%, between July 2014 and February 2025, for detached houses, in the Isle of Wight local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 55.2% inflationary increase is applied to the most recent sale price for 8 EAST MEAD of £355,000 on 23rd July 2014. For the value to have increased from £355,000 to £550,905 over the eleven years and five months to February 2025, the following assumptions must hold true:

• The value of 8 EAST MEAD has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The July 2014 sale price of £355,000 represented a fair market value for the property.
• The size, condition, and specification of 8 EAST MEAD has not materially changed since July 2014.

How Large is 8 EAST MEAD?

8 EAST MEAD is 116m², which includes one extension, according to the EPC inspection conducted in February 2011. This puts it in the largest 50% of detached houses houses in Shanklin, based on EPC data. The below chart shows the distribution of detached houses houses by size in Shanklin, and where 8 EAST MEAD lies on this distribution: 58% of detached houses houses are smaller than 8 EAST MEAD, and 42% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

8 EAST MEAD: Plot and Title Map

8 EAST MEAD sits on a plot of roughly 0.224 of an acre, or 908m². The below map shows the location of 8 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 8 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 8 EAST MEAD?

8 EAST MEAD is located in SHANKLIN, in the PO37 postcode district. The below map shows the position of No. 8 on EAST MEAD.