THE MEWS, 43A, ATHERLEY ROAD, SHANKLIN, PO37 7AU - £114,000

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

THE MEWS is a very small detached house of 33m². It was last sold for £114,000 in May 2022, which was around 73% below the average May 2022 detached price in the Isle of Wight local authority area. The most recent EPC inspection was August 2010, where the current energy rating was B, and the potential energy rating was B.

THE MEWS Sold Prices

Land registry data shows two sales for THE MEWS 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 THE MEWS 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
2022 31 MAY	£114,000	£416,726	73% below HPI
2011 1 FEB	£115,000	£259,755	56% below HPI

THE MEWS 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 THE MEWS sales from February 2011 and May 2022 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 2011 sale was for 56% below the HPI. So the extrapolation line tracks at 56% below the HPI over time, until the May 2022 sale, where it falls to 73% below the HPI. The line then continues to track at 73% below the HPI.

How Large is THE MEWS?

THE MEWS is 33m² according to the EPC inspection conducted in August 2010. 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 THE MEWS lies on this distribution: Less than 1% of detached houses are smaller than THE MEWS, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

THE MEWS: Plot and Title Map

THE MEWS sits on a plot of roughly 0.018 of an acre, or 71m². The below map shows the location of THE MEWS, 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 THE MEWS). 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 THE MEWS?

THE MEWS is located on ATHERLEY ROAD in SHANKLIN, in the PO37 postcode district. The below map shows the position of THE MEWS on ATHERLEY ROAD.