PICNIC, WALKERS LANE, SHORWELL, NEWPORT, PO30 3JZ - £385,000

PICNIC is a large detached house of 137m², built sometime between 1983 and 1990. It was last sold for £385,000 in October 2016, which was around 32% above the average October 2016 detached price in the Isle of Wight local authority area. The most recent EPC inspection was March 2014, where the current energy rating was E, and the potential energy rating was C.

PICNIC Sold Prices

Land registry data shows three sales for PICNIC since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. All of the three PICNIC 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
2016 28 OCT	£385,000	£291,518	32% above HPI
2007 7 FEB	£349,950	£256,041	37% above HPI
2001 17 DEC	£220,000	£152,206	45% above HPI

PICNIC 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 three PICNIC sales between December 2001 and October 2016 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 2007 sale was for 37% above the HPI. So the extrapolation line tracks at 37% above the HPI over time, until the October 2016 sale, where it falls to 32% above the HPI. The line then continues to track at 32% above the HPI.

How Large is PICNIC?

PICNIC is 137m² according to the EPC inspection conducted in March 2014. This puts it in the largest 40% of detached houses in Shorwell, based on EPC data. The below chart shows the distribution of detached houses by size in Shorwell, and where PICNIC lies on this distribution: 68% of detached houses are smaller than PICNIC, and 32% of houses are larger. Note that EPC data is not available for all properties in Shorwell.

PICNIC: Plot and Title Map

PICNIC sits on a plot of roughly 0.210 of an acre, or 851m². The below map shows the location of PICNIC, 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 PICNIC). 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 PICNIC?

PICNIC is located on WALKERS LANE in SHORWELL, in the PO30 postcode district. The below map shows the position of PICNIC on WALKERS LANE.