MOORVALE, WHITECROSS LANE, SHANKLIN, PO37 7EJ - £178,000

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

MOORVALE is a very small detached house of 71m², built sometime between 1967 and 1975. It was last sold for £178,000 in March 2015, which was around 31% below the average March 2015 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 B.

MOORVALE Sold Prices

Land registry data shows three sales for MOORVALE 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 MOORVALE 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
2015 6 MAR	£178,000	£259,833	31% below HPI
2007 9 MAR	£230,000	£258,789	11% below HPI
2005 27 SEP	£172,500	£237,558	27% below HPI

MOORVALE 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 MOORVALE sales between September 2005 and March 2015 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 March 2007 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the March 2015 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is MOORVALE?

MOORVALE is 71m² according to the EPC inspection conducted in February 2015. This puts it in the smallest 20% of detached houses in Shanklin, based on EPC data. The below chart shows the distribution of detached houses by size in Shanklin, and where MOORVALE lies on this distribution: 11% of detached houses are smaller than MOORVALE, and 88% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

MOORVALE: Plot and Title Map

MOORVALE sits on a plot of roughly 0.116 of an acre, or 470m². The below map shows the location of MOORVALE, 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 MOORVALE). 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 MOORVALE?

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