KAREN, WITBANK GARDENS, SHANKLIN, PO37 7JE - £275,000

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

KAREN is a midsized extended detached house of 120m², built sometime between 1950 and 1966. It was last sold for £275,000 in March 2016, which was around 5% below the average March 2016 detached price in the Isle of Wight local authority area. The most recent EPC inspection was February 2015, where the current energy rating was D, and the potential energy rating was C.

KAREN Sold Prices

Land registry data shows three sales for KAREN 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. The three KAREN sales were a mix of below the average price, and roughly equal to 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
2016 9 MAR	£275,000	£289,611	5% below HPI
2009 18 JUN	£235,000	£235,237	Close to HPI
2007 9 MAR	£218,000	£258,789	16% below HPI

KAREN 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 KAREN sales between March 2007 and March 2016 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 June 2009 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the March 2016 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is KAREN?

KAREN is 120m², which includes one extension, according to the EPC inspection conducted in February 2015. 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 KAREN lies on this distribution: 60% of detached houses are smaller than KAREN, and 40% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

KAREN: Plot and Title Map

KAREN sits on a plot of roughly 0.108 of an acre, or 438m². The below map shows the location of KAREN, 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 KAREN). 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 KAREN?

KAREN is located on WITBANK GARDENS in SHANKLIN, in the PO37 postcode district. The below map shows the position of KAREN on WITBANK GARDENS.