8, ORCHARD ROAD, SHANKLIN, PO37 7NX - £295,000

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

8 ORCHARD ROAD is a midsized extended detached house of 107m², built sometime between 1930 and 1949. It was last sold for £295,000 in April 2021, which was around 19% below the average April 2021 detached price in the Isle of Wight local authority area. The most recent EPC inspection was March 2018, where the current energy rating was D, and the potential energy rating was B.

8 ORCHARD ROAD Sold Prices

Land registry data shows three sales for 8 ORCHARD ROAD 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. The three 8 ORCHARD ROAD sales were a mix of below the average price, and roughly equal to 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 30 APR	£295,000	£364,812	19% below HPI
2018 30 NOV	£245,000	£319,862	23% below HPI
1999 8 JUN	£96,000	£96,072	Close to HPI

8 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 three 8 ORCHARD ROAD sales between June 1999 and April 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 November 2018 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the April 2021 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 8 ORCHARD ROAD?

8 ORCHARD ROAD is 107m², which includes two extensions, according to the EPC inspection conducted in March 2018. 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 8 ORCHARD ROAD lies on this distribution: 51% of detached houses are smaller than 8 ORCHARD ROAD, and 49% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

8 ORCHARD ROAD: Plot and Title Map

8 ORCHARD ROAD sits on a plot of roughly 0.115 of an acre, or 467m². The below map shows the location of 8 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 8 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 8 ORCHARD ROAD?

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