8, SANDY LANE, SHANKLIN, PO37 7DT - £245,000

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 SANDY LANE is a large detached house of 127m², built sometime between 1991 and 1995. It was last sold for £245,000 in January 2014, which was around 6% below the average January 2014 detached price in the Isle of Wight local authority area. The most recent EPC inspection was May 2011, where the current energy rating was D, and the potential energy rating was D.

8 SANDY LANE Sold Prices

Land registry data shows three sales for 8 SANDY LANE 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. One of the three 8 SANDY LANE sales was for below the average price, whilst two 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 17 JAN	£245,000	£260,353	6% below HPI
1998 16 APR	£105,000	£84,592	24% above HPI
1995 24 MAR	£79,000	£68,969	15% above HPI

8 SANDY LANE 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 SANDY LANE sales between March 1995 and January 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 April 1998 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the January 2014 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is 8 SANDY LANE?

8 SANDY LANE is 127m² according to the EPC inspection conducted in May 2011. This puts it in the largest 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 SANDY LANE lies on this distribution: 65% of detached houses are smaller than 8 SANDY LANE, and 35% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

8 SANDY LANE: Plot and Title Map

8 SANDY LANE sits on a plot of roughly 0.091 of an acre, or 368m². The below map shows the location of 8 SANDY LANE, 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 SANDY LANE). 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 SANDY LANE?

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