2A, PADDOCK ROAD, SHANKLIN, PO37 6PD - £250,000

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.

2A PADDOCK ROAD is a very small semi-detached house of 59m², built sometime before 1900, which could now be worth an estimated £243,670. It was last sold for £250,000 in October 2022, which was around 15% below the average October 2022 semi-detached price in the Isle of Wight local authority area. The most recent EPC inspection was February 2022, where the current energy rating was D, and the potential energy rating was B.

2A PADDOCK ROAD Sold Prices

Land registry data shows four sales for 2A PADDOCK ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Isle of Wight local authority area for the corresponding sale date. All of the four 2A PADDOCK ROAD 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 28 OCT	£250,000	£292,578	15% below HPI
2008 14 APR	£150,000	£181,244	17% below HPI
2005 10 AUG	£145,000	£161,973	10% below HPI
2004 4 FEB	£111,000	£138,015	20% below HPI

2A PADDOCK ROAD Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Isle of Wight local authority area over time, sourced from the HPI. The four 2A PADDOCK ROAD sales between February 2004 and October 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 April 2008 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the October 2022 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 2A PADDOCK ROAD be worth now?

2A PADDOCK ROAD might now be worth an estimated £243,670.

This is based on house price deflation of 2.5%, between October 2022 and February 2025, for semi-detached 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 2.5% deflationary decrease is applied to the most recent sale price for 2A PADDOCK ROAD of £250,000 on 28th October 2022. For the value to have decreased from £250,000 to £243,670 over the three years and eight months to February 2025, the following assumptions must hold true:

• The value of 2A PADDOCK ROAD has moved in line with the HPI for semi-detached houses in the Isle of Wight local authority area.
• The October 2022 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 2A PADDOCK ROAD has not materially changed since October 2022.

How Large is 2A PADDOCK ROAD?

2A PADDOCK ROAD is 59m² according to the EPC inspection conducted in February 2022. This puts it in the smallest 10% of semi-detached houses houses in Shanklin, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Shanklin, and where 2A PADDOCK ROAD lies on this distribution: 2% of semi-detached houses houses are smaller than 2A PADDOCK ROAD, and 98% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

2A PADDOCK ROAD: Plot and Title Map

2A PADDOCK ROAD sits on a plot of roughly 0.019 of an acre, or 78m². The below map shows the location of 2A PADDOCK 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 2A PADDOCK 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 2A PADDOCK ROAD?

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