2, ADMIRAL WAY, COWES, PO31 7FL - £262,500

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.

2 ADMIRAL WAY is a small detached house of 95m², built sometime between 2003 and 2006, which could now be worth an estimated £359,900. It was last sold for £262,500 in August 2017, which was around 12% below the average August 2017 detached price in the Isle of Wight local authority area. The most recent EPC inspection was September 2010, where the current energy rating was C, and the potential energy rating was C.

2 ADMIRAL WAY Sold Prices

Land registry data shows five sales for 2 ADMIRAL WAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. Most of the five 2 ADMIRAL WAY 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
2017 14 AUG	£262,500	£296,938	12% below HPI
2014 31 OCT	£248,500	£265,750	6% below HPI
2007 29 JUN	£237,500	£254,418	7% below HPI
2004 27 AUG	£220,000	£224,683	2% below HPI
2003 25 APR	£186,000	£184,750	1% above HPI

2 ADMIRAL WAY 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 five 2 ADMIRAL WAY sales between April 2003 and August 2017 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 October 2014 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the August 2017 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 2 ADMIRAL WAY be worth now?

2 ADMIRAL WAY might now be worth an estimated £359,900.

This is based on house price inflation of 37.1%, between August 2017 and February 2025, for 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 37.1% inflationary increase is applied to the most recent sale price for 2 ADMIRAL WAY of £262,500 on 14th August 2017. For the value to have increased from £262,500 to £359,900 over the eight years and six months to February 2025, the following assumptions must hold true:

• The value of 2 ADMIRAL WAY has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The August 2017 sale price of £262,500 represented a fair market value for the property.
• The size, condition, and specification of 2 ADMIRAL WAY has not materially changed since August 2017.

How Large is 2 ADMIRAL WAY?

2 ADMIRAL WAY is 95m² according to the EPC inspection conducted in September 2010. This puts it in the smallest 40% of detached houses houses in Cowes, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cowes, and where 2 ADMIRAL WAY lies on this distribution: 36% of detached houses houses are smaller than 2 ADMIRAL WAY, and 64% of houses are larger. Note that EPC data is not available for all properties in Cowes.

2 ADMIRAL WAY: Plot and Title Map

2 ADMIRAL WAY sits on a plot of roughly 0.055 of an acre, or 222m². The below map shows the location of 2 ADMIRAL WAY, 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 2 ADMIRAL WAY). 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 2 ADMIRAL WAY?

2 ADMIRAL WAY is located in COWES, in the PO31 postcode district. The below map shows the position of No. 2 on ADMIRAL WAY.