12, LUCERNE ROAD, SHANKLIN, PO37 7JL - £240,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

12 LUCERNE ROAD is a midsized extended terraced house of 116m², built sometime between 1930 and 1949, which could now be worth an estimated £314,374. It was last sold for £240,000 in March 2018, which was around 51% above the average March 2018 terraced price in the Isle of Wight local authority area. The most recent EPC inspection was September 2017, where the current energy rating was D, and the potential energy rating was B.

12 LUCERNE ROAD Sold Prices

Land registry data shows two sales for 12 LUCERNE ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Isle of Wight local authority area for the corresponding sale date. Both of the two 12 LUCERNE ROAD 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 29 MAR	£240,000	£158,920	51% above HPI
2003 30 SEP	£145,350	£96,717	50% above HPI

12 LUCERNE ROAD Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Isle of Wight local authority area over time, sourced from the HPI. The two 12 LUCERNE ROAD sales from September 2003 and March 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 September 2003 sale was for 50% above the HPI. So the extrapolation line tracks at 50% above the HPI over time, until the March 2018 sale, where it rises to 51% above the HPI. The line then continues to track at 51% above the HPI.

What might 12 LUCERNE ROAD be worth now?

12 LUCERNE ROAD might now be worth an estimated £314,374.

This is based on house price inflation of 31%, between March 2018 and June 2025, for terraced houses, in the Isle of Wight local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 31% inflationary increase is applied to the most recent sale price for 12 LUCERNE ROAD of £240,000 on 29th March 2018. For the value to have increased from £240,000 to £314,374 over the six years and nine months to June 2025, the following assumptions must hold true:

• The value of 12 LUCERNE ROAD has moved in line with the HPI for terraced houses in the Isle of Wight local authority area.
• The March 2018 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 12 LUCERNE ROAD has not materially changed since March 2018.

How Large is 12 LUCERNE ROAD?

12 LUCERNE ROAD is 116m², which includes one extension, according to the EPC inspection conducted in September 2017. This puts it in the largest 50% of terraced houses houses in Shanklin, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Shanklin, and where 12 LUCERNE ROAD lies on this distribution: 56% of terraced houses houses are smaller than 12 LUCERNE ROAD, and 42% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

12 LUCERNE ROAD: Plot and Title Map

12 LUCERNE ROAD sits on a plot of roughly 0.060 of an acre, or 242m². The below map shows the location of 12 LUCERNE ROAD, 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 12 LUCERNE ROAD). 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 12 LUCERNE ROAD?

12 LUCERNE ROAD is located in SHANKLIN, in the PO37 postcode district. The below map shows the position of No. 12 on LUCERNE ROAD.