CYPRUS LODGE, VICTORIA AVENUE, SHANKLIN, PO37 6LS - £550,000

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

CYPRUS LODGE is a very large extended detached house of 208m², built sometime between 1983 and 1990. It was last sold for £550,000 in May 2024, which was around 36% above the average May 2024 detached price in the Isle of Wight local authority area. The most recent EPC inspection was August 2016, where the current energy rating was C, and the potential energy rating was C.

CYPRUS LODGE Sold Prices

Land registry data shows three sales for CYPRUS LODGE 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 CYPRUS LODGE 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
2024 28 MAY	£550,000	£404,553	36% above HPI
2016 25 NOV	£400,000	£290,578	38% above HPI
2003 10 SEP	£240,000	£198,537	21% above HPI

CYPRUS LODGE 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 CYPRUS LODGE sales between September 2003 and May 2024 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 2016 sale was for 38% above the HPI. So the extrapolation line tracks at 38% above the HPI over time, until the May 2024 sale, where it falls to 36% above the HPI. The line then continues to track at 36% above the HPI.

How Large is CYPRUS LODGE?

CYPRUS LODGE is 208m², which includes one extension, according to the EPC inspection conducted in August 2016. This puts it in the largest 10% of detached houses in Shanklin, based on EPC data. The below chart shows the distribution of detached houses by size in Shanklin, and where CYPRUS LODGE lies on this distribution: 92% of detached houses are smaller than CYPRUS LODGE, and 8% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

CYPRUS LODGE: Plot and Title Map

CYPRUS LODGE sits on a plot of roughly 0.199 of an acre, or 803m². The below map shows the location of CYPRUS LODGE, 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 CYPRUS LODGE). 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 CYPRUS LODGE?

CYPRUS LODGE is located on VICTORIA AVENUE in SHANKLIN, in the PO37 postcode district. The below map shows the position of CYPRUS LODGE on VICTORIA AVENUE.