CEDARWOOD, HOWARD ROAD, SHANKLIN, PO37 6HD - £590,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

CEDARWOOD is a large extended detached house of 141m², built sometime between 1967 and 1975, which could now be worth an estimated £582,522. It was last sold for £590,000 in November 2023, which was around 43% above the average November 2023 detached price in the Isle of Wight local authority area. The most recent EPC inspection was March 2023, where the current energy rating was D, and the potential energy rating was C.

CEDARWOOD Sold Prices

Land registry data shows three sales for CEDARWOOD 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. All of the three CEDARWOOD 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
2023 8 NOV	£590,000	£412,342	43% above HPI
2010 13 APR	£325,000	£248,723	31% above HPI
1997 16 DEC	£147,000	£83,000	77% above HPI

CEDARWOOD 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 CEDARWOOD sales between December 1997 and November 2023 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 2010 sale was for 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the November 2023 sale, where it rises to 43% above the HPI. The line then continues to track at 43% above the HPI.

What might CEDARWOOD be worth now?

CEDARWOOD might now be worth an estimated £582,522.

This is based on house price deflation of 1.3%, between November 2023 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 1.3% deflationary decrease is applied to the most recent sale price for CEDARWOOD of £590,000 on 8th November 2023. For the value to have decreased from £590,000 to £582,522 over the two years and nine months to February 2025, the following assumptions must hold true:

• The value of CEDARWOOD has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The November 2023 sale price of £590,000 represented a fair market value for the property.
• The size, condition, and specification of CEDARWOOD has not materially changed since November 2023.

How Large is CEDARWOOD?

CEDARWOOD is 141m², which includes two extensions, according to the EPC inspection conducted in March 2023. This puts it in the largest 30% 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 CEDARWOOD lies on this distribution: 72% of detached houses houses are smaller than CEDARWOOD, and 28% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

CEDARWOOD: Plot and Title Map

CEDARWOOD sits on a plot of roughly 0.241 of an acre, or 975m². The below map shows the location of CEDARWOOD, 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 CEDARWOOD). 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 CEDARWOOD?

CEDARWOOD is located on HOWARD ROAD in SHANKLIN, in the PO37 postcode district. The below map shows the position of CEDARWOOD on HOWARD ROAD.