SHALIMAR, UPPER HYDE FARM LANE, SHANKLIN, PO37 7PS - £225,000

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

SHALIMAR is a very small extended detached house of 61m², built sometime between 1950 and 1966. It was last sold for £225,000 in October 2007, which was around 18% below the average October 2007 detached price in the Isle of Wight local authority area. The most recent EPC inspection was March 2012, where the current energy rating was E, and the potential energy rating was D.

SHALIMAR Sold Prices

Land registry data shows two sales for SHALIMAR 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 SHALIMAR 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
2007 19 OCT	£225,000	£273,234	18% below HPI
1995 10 FEB	£65,000	£69,350	6% below HPI

SHALIMAR 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 SHALIMAR sales from February 1995 and October 2007 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 February 1995 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the October 2007 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is SHALIMAR?

SHALIMAR is 61m², which includes two extensions, according to the EPC inspection conducted in March 2012. This puts it in the smallest 10% of detached houses in Shanklin, based on EPC data. The below chart shows the distribution of detached houses by size in Shanklin, and where SHALIMAR lies on this distribution: 3% of detached houses are smaller than SHALIMAR, and 97% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

SHALIMAR: Plot and Title Map

SHALIMAR sits on a plot of roughly 0.139 of an acre, or 562m². The below map shows the location of SHALIMAR, 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 SHALIMAR). 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 SHALIMAR?

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