8, PADDOCK ROAD, SHANKLIN, PO37 6NZ - £480,000

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 PADDOCK ROAD is a small detached house of 88m², built sometime between 1967 and 1975. It was last sold for £480,000 in March 2021, which was around 32% above the average March 2021 detached price in the Isle of Wight local authority area. The most recent EPC inspection was February 2014, where the current energy rating was D, and the potential energy rating was B.

8 PADDOCK ROAD Sold Prices

Land registry data shows two sales for 8 PADDOCK 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. One of the two 8 PADDOCK ROAD sales was for above the average price, whilst the other was 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
2021 26 MAR	£480,000	£364,254	32% above HPI
2014 26 SEP	£260,000	£265,971	2% below HPI

8 PADDOCK 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 8 PADDOCK ROAD sales from September 2014 and March 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 September 2014 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the March 2021 sale, where it rises to 32% above the HPI. The line then continues to track at 32% above the HPI.

How Large is 8 PADDOCK ROAD?

8 PADDOCK ROAD is 88m² according to the EPC inspection conducted in February 2014. This puts it in the smallest 40% 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 PADDOCK ROAD lies on this distribution: 32% of detached houses are smaller than 8 PADDOCK ROAD, and 67% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

8 PADDOCK ROAD: Plot and Title Map

8 PADDOCK ROAD sits on a plot of roughly 0.143 of an acre, or 579m². The below map shows the location of 8 PADDOCK 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 PADDOCK 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 PADDOCK ROAD?

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