2, THE ORCHARD, PINE TREE CLOSE, COWES, PO31 8DY - £130,000

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 THE ORCHARD is a very large detached house of 219m², built sometime between 2003 and 2006, which could now be worth an estimated £250,551. It was last sold for £130,000 in May 2004, which was around 38% below the average May 2004 detached price in the Isle of Wight local authority area. The most recent EPC inspection was June 2015, where the current energy rating was D, and the potential energy rating was C.

2 THE ORCHARD Sold Prices

Land registry data shows two sales for 2 THE ORCHARD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. Both of the two 2 THE ORCHARD 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
2004 24 MAY	£130,000	£211,235	38% below HPI
2002 5 NOV	£150,000	£179,977	17% below HPI

2 THE ORCHARD 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 two 2 THE ORCHARD sales from November 2002 and May 2004 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 2002 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the May 2004 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

What might 2 THE ORCHARD be worth now?

2 THE ORCHARD might now be worth an estimated £250,551.

This is based on house price inflation of 92.7%, between May 2004 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 92.7% inflationary increase is applied to the most recent sale price for 2 THE ORCHARD of £130,000 on 24th May 2004. For the value to have increased from £130,000 to £250,551 over the 21 years and three months to February 2025, the following assumptions must hold true:

• The value of 2 THE ORCHARD has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The May 2004 sale price of £130,000 represented a fair market value for the property.
• The size, condition, and specification of 2 THE ORCHARD has not materially changed since May 2004.

How Large is 2 THE ORCHARD?

2 THE ORCHARD is 219m² according to the EPC inspection conducted in June 2015. This puts it in the largest 10% 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 THE ORCHARD lies on this distribution: 92% of detached houses houses are smaller than 2 THE ORCHARD, and 8% of houses are larger. Note that EPC data is not available for all properties in Cowes.

2 THE ORCHARD: Plot and Title Map

2 THE ORCHARD sits on a plot of roughly 0.147 of an acre, or 595m². The below map shows the location of 2 THE ORCHARD, 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 THE ORCHARD). 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 THE ORCHARD?

2 THE ORCHARD is located on PINE TREE CLOSE in COWES, in the PO31 postcode district. The below map shows the position of 2 THE ORCHARD on PINE TREE CLOSE.