2, NUBIA CLOSE, COWES, PO31 8DH - £488,000

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.

2 NUBIA CLOSE is a very large extended detached house of 183m², built sometime from 2007 onwards, which could now be worth an estimated £815,264. It was last sold for £488,000 in October 2011, which was around 100% above the average October 2011 detached price in the Isle of Wight local authority area. The most recent EPC inspection was June 2010, where the current energy rating was C, and the potential energy rating was C.

2 NUBIA CLOSE Sold Prices

Land registry data shows four sales for 2 NUBIA CLOSE 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 NUBIA CLOSE 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
2011 28 OCT	£488,000	£243,691	100% above HPI
2010 22 NOV	£442,000	£250,003	77% above HPI
2007 1 MAR	£365,000	£253,395	44% above HPI
1997 19 SEP	£125,000	£79,619	57% above HPI

2 NUBIA CLOSE 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 NUBIA CLOSE sales between September 1997 and October 2011 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 2010 sale was for 77% above the HPI. So the extrapolation line tracks at 77% above the HPI over time, until the October 2011 sale, where it rises to 100% above the HPI. The line then continues to track at 100% above the HPI.

What might 2 NUBIA CLOSE be worth now?

2 NUBIA CLOSE might now be worth an estimated £815,264.

This is based on house price inflation of 67.1%, between October 2011 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 67.1% inflationary increase is applied to the most recent sale price for 2 NUBIA CLOSE of £488,000 on 28th October 2011. For the value to have increased from £488,000 to £815,264 over the fourteen years and eight months to February 2025, the following assumptions must hold true:

• The value of 2 NUBIA CLOSE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The October 2011 sale price of £488,000 represented a fair market value for the property.
• The size, condition, and specification of 2 NUBIA CLOSE has not materially changed since October 2011.

How Large is 2 NUBIA CLOSE?

2 NUBIA CLOSE is 183m², which includes two extensions, according to the EPC inspection conducted in June 2010. This puts it in the largest 20% 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 NUBIA CLOSE lies on this distribution: 84% of detached houses houses are smaller than 2 NUBIA CLOSE, and 16% of houses are larger. Note that EPC data is not available for all properties in Cowes.

2 NUBIA CLOSE: Plot and Title Map

2 NUBIA CLOSE sits on a plot of roughly 0.126 of an acre, or 508m². The below map shows the location of 2 NUBIA CLOSE, 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 NUBIA CLOSE). 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 NUBIA CLOSE?

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