FAIR WINDS, UPPER HYDE FARM LANE, SHANKLIN, PO37 7PS - £295,000

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

FAIR WINDS is a small detached house of 86m², built sometime between 1976 and 1982. It was last sold for £295,000 in July 2023, which was around 30% below the average July 2023 detached price in the Isle of Wight local authority area. The most recent EPC inspection was September 2022, where the current energy rating was D, and the potential energy rating was C.

FAIR WINDS Sold Prices

Land registry data shows four sales for FAIR WINDS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. All of the four FAIR WINDS 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
2023 12 JUL	£295,000	£419,943	30% below HPI
2016 22 AUG	£235,000	£293,810	20% below HPI
2002 31 MAY	£124,500	£158,527	21% below HPI
1995 23 FEB	£49,000	£69,350	29% below HPI

FAIR WINDS 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 four FAIR WINDS sales between February 1995 and July 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 August 2016 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the July 2023 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is FAIR WINDS?

FAIR WINDS is 86m² according to the EPC inspection conducted in September 2022. This puts it in the smallest 30% of detached houses in Shanklin, based on EPC data. The below chart shows the distribution of detached houses by size in Shanklin, and where FAIR WINDS lies on this distribution: 29% of detached houses are smaller than FAIR WINDS, and 70% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

FAIR WINDS: Plot and Title Map

FAIR WINDS sits on a plot of roughly 0.124 of an acre, or 502m². The below map shows the location of FAIR WINDS, 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 FAIR WINDS). 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 FAIR WINDS?

FAIR WINDS is located on UPPER HYDE FARM LANE in SHANKLIN, in the PO37 postcode district. The below map shows the position of FAIR WINDS on UPPER HYDE FARM LANE.