PENN, WESTHILL ROAD, SHANKLIN, PO37 6PT - £320,000

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.

PENN is a very small semi-detached house of 70m², built sometime between 1950 and 1966, which could now be worth an estimated £340,031. It was last sold for £320,000 in September 2021, which was around 27% above the average September 2021 semi-detached price in the Isle of Wight local authority area. The most recent EPC inspection was October 2020, where the current energy rating was E, and the potential energy rating was C.

PENN Sold Prices

Land registry data shows four sales for PENN 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 PENN 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
2021 30 SEP	£320,000	£252,408	27% above HPI
2000 1 SEP	£127,000	£79,106	61% above HPI
1998 30 APR	£82,000	£54,432	51% above HPI
1996 10 MAY	£65,000	£44,954	45% above HPI

PENN 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 PENN sales between May 1996 and September 2021 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 2000 sale was for 61% above the HPI. So the extrapolation line tracks at 61% above the HPI over time, until the September 2021 sale, where it falls to 27% above the HPI. The line then continues to track at 27% above the HPI.

What might PENN be worth now?

PENN might now be worth an estimated £340,031.

This is based on house price inflation of 6.3%, between September 2021 and March 2026, 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 6.3% inflationary increase is applied to the most recent sale price for PENN of £320,000 on 30th September 2021. For the value to have increased from £320,000 to £340,031 over the five years and six months to March 2026, the following assumptions must hold true:

• The value of PENN has moved in line with the HPI for semi-detached houses in the Isle of Wight local authority area.
• The September 2021 sale price of £320,000 represented a fair market value for the property.
• The size, condition, and specification of PENN has not materially changed since September 2021.

How Large is PENN?

PENN is 70m² according to the EPC inspection conducted in October 2020. This puts it in the smallest 20% 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 PENN lies on this distribution: 10% of semi-detached houses houses are smaller than PENN, and 89% of houses are larger. Note that EPC data is not available for all properties in Shanklin.

PENN: Plot and Title Map

PENN sits on a plot of roughly 0.142 of an acre, or 576m². The below map shows the location of PENN, 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 PENN). 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 PENN?

PENN is located on WESTHILL ROAD in SHANKLIN, in the PO37 postcode district. The below map shows the position of PENN on WESTHILL ROAD.