2A, GREEN LANE, SHANKLIN, PO37 7JH - £250,000

2A GREEN LANE is a very small detached house of 77m², built sometime between 1967 and 1975. It was last sold for £250,000 in October 2018, which was around 21% below the average October 2018 detached price in the Isle of Wight local authority area. The most recent EPC inspection was April 2011, where the current energy rating was D, and the potential energy rating was D.

2A GREEN LANE Sold Prices

Land registry data shows four sales for 2A GREEN LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. All of the four 2A GREEN LANE 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
2018 3 OCT	£250,000	£318,164	21% below HPI
2011 1 SEP	£165,000	£246,994	33% below HPI
1997 31 JUL	£59,950	£77,911	23% below HPI
1995 6 MAR	£51,000	£68,969	26% below HPI

2A GREEN LANE 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 four 2A GREEN LANE sales between March 1995 and October 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 2011 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the October 2018 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 2A GREEN LANE?

2A GREEN LANE is 77m² according to the EPC inspection conducted in April 2011. 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 2A GREEN LANE lies on this distribution: 20% of detached houses are smaller than 2A GREEN LANE, and 80% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

2A GREEN LANE: Plot and Title Map

2A GREEN LANE sits on a plot of roughly 0.079 of an acre, or 319m². The below map shows the location of 2A GREEN LANE, 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 2A GREEN LANE). 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 2A GREEN LANE?

2A GREEN LANE is located in SHANKLIN, in the PO37 postcode district. The below map shows the position of No. 2A on GREEN LANE.