RIDGE HOUSE, UPPER HYDE FARM LANE, SHANKLIN, PO37 7PS - £460,000

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

RIDGE HOUSE is a very large extended detached house of 195m², built sometime between 1983 and 1990. It was last sold for £460,000 in July 2018, which was around 47% above the average July 2018 detached price in the Isle of Wight local authority area. The most recent EPC inspection was July 2015, where the current energy rating was D, and the potential energy rating was C.

RIDGE HOUSE Sold Prices

Land registry data shows two sales for RIDGE HOUSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. Both of the two RIDGE HOUSE 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
2018 10 JUL	£460,000	£312,782	47% above HPI
2011 12 OCT	£360,000	£248,879	45% above HPI

RIDGE HOUSE 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 two RIDGE HOUSE sales from October 2011 and July 2018 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 October 2011 sale was for 45% above the HPI. So the extrapolation line tracks at 45% above the HPI over time, until the July 2018 sale, where it rises to 47% above the HPI. The line then continues to track at 47% above the HPI.

How Large is RIDGE HOUSE?

RIDGE HOUSE is 195m², which includes one extension, according to the EPC inspection conducted in July 2015. This puts it in the largest 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 RIDGE HOUSE lies on this distribution: 89% of detached houses are smaller than RIDGE HOUSE, and 11% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

RIDGE HOUSE: Plot and Title Map

RIDGE HOUSE sits on a plot of roughly 0.220 of an acre, or 892m². The below map shows the location of RIDGE HOUSE, 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 RIDGE HOUSE). 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 RIDGE HOUSE?

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