2, BRITANNIA WAY, EAST COWES, PO32 6EG - £230,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 BRITANNIA WAY is a midsized extended detached house of 88m², built sometime between 1991 and 1995. It was last sold for £230,000 in March 2016, which was around 21% below the average March 2016 detached price in the Isle of Wight local authority area. The most recent EPC inspection was October 2019, where the current energy rating was D, and the potential energy rating was B.

2 BRITANNIA WAY Sold Prices

Land registry data shows four sales for 2 BRITANNIA WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. All of the four 2 BRITANNIA 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
2016 21 MAR	£230,000	£289,611	21% below HPI
2009 1 NOV	£195,000	£250,879	22% below HPI
2002 8 JUL	£132,000	£167,707	21% below HPI
1998 25 JUN	£61,000	£87,069	30% below HPI

2 BRITANNIA 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 four 2 BRITANNIA WAY sales between June 1998 and March 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 November 2009 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the March 2016 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 2 BRITANNIA WAY?

2 BRITANNIA WAY is 88m², which includes one extension, according to the EPC inspection conducted in October 2019. This puts it in the smallest 50% of detached houses in East Cowes, based on EPC data. The below chart shows the distribution of detached houses by size in East Cowes, and where 2 BRITANNIA WAY lies on this distribution: 42% of detached houses are smaller than 2 BRITANNIA WAY, and 57% of houses are larger. Note that EPC data is not available for all properties in East Cowes.

2 BRITANNIA WAY: Plot and Title Map

2 BRITANNIA WAY sits on a plot of roughly 0.080 of an acre, or 326m². The below map shows the location of 2 BRITANNIA 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 BRITANNIA 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 BRITANNIA WAY?

2 BRITANNIA WAY is located in EAST COWES, in the PO32 postcode district. The below map shows the position of No. 2 on BRITANNIA WAY.