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

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 ADMIRAL WAY is a small detached house of 95m², built sometime between 2003 and 2006. It was last sold for £262,500 in August 2017, which was around 13% 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. All 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	£303,260	13% below HPI
2014 31 OCT	£248,500	£271,407	8% below HPI
2007 29 JUN	£237,500	£259,835	9% below HPI
2004 27 AUG	£220,000	£229,466	4% below HPI
2003 25 APR	£186,000	£188,683	1% below 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 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the August 2017 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

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 in Cowes, based on EPC data. The below chart shows the distribution of detached houses by size in Cowes, and where 2 ADMIRAL WAY lies on this distribution: 37% of detached houses are smaller than 2 ADMIRAL WAY, and 63% 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.