DOWNSVIEW, WHITECROSS LANE, SHANKLIN, PO37 7EJ - £390,000

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

DOWNSVIEW is a midsized extended detached house of 116m², built sometime between 1967 and 1975. It was last sold for £390,000 in April 2024, which was around 2% below the average April 2024 detached price in the Isle of Wight local authority area. The most recent EPC inspection was May 2020, where the current energy rating was C, and the potential energy rating was B.

DOWNSVIEW Sold Prices

Land registry data shows three sales for DOWNSVIEW 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 DOWNSVIEW sales were 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
2024 11 APR	£390,000	£398,623	2% below HPI
2021 13 MAY	£315,000	£365,654	14% below HPI
2001 8 MAY	£130,000	£133,416	3% below HPI

DOWNSVIEW 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 DOWNSVIEW sales between May 2001 and April 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 May 2021 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the April 2024 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is DOWNSVIEW?

DOWNSVIEW is 116m², which includes two extensions, according to the EPC inspection conducted in May 2020. 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 DOWNSVIEW lies on this distribution: 56% of detached houses are smaller than DOWNSVIEW, and 43% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

DOWNSVIEW: Plot and Title Map

DOWNSVIEW sits on a plot of roughly 0.164 of an acre, or 663m². The below map shows the location of DOWNSVIEW, 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 DOWNSVIEW). 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 DOWNSVIEW?

DOWNSVIEW is located on WHITECROSS LANE in SHANKLIN, in the PO37 postcode district. The below map shows the position of DOWNSVIEW on WHITECROSS LANE.