2, THE RIDGE, COWES, PO31 8QN - £659,500

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 THE RIDGE is a very large detached house of 227m², built sometime between 1996 and 2002. It was last sold for £659,500 in October 2021, which was around 72% above the average October 2021 detached price in the Isle of Wight local authority area. The most recent EPC inspection was May 2021, where the current energy rating was D, and the potential energy rating was C.

2 THE RIDGE Sold Prices

Land registry data shows three sales for 2 THE RIDGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. All of the three 2 THE RIDGE 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
2021 27 OCT	£659,500	£384,208	72% above HPI
2004 26 NOV	£335,000	£239,480	40% above HPI
1999 17 FEB	£130,000	£91,913	41% above HPI

2 THE RIDGE 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 three 2 THE RIDGE sales between February 1999 and October 2021 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 2004 sale was for 40% above the HPI. So the extrapolation line tracks at 40% above the HPI over time, until the October 2021 sale, where it rises to 72% above the HPI. The line then continues to track at 72% above the HPI.

How Large is 2 THE RIDGE?

2 THE RIDGE is 227m² according to the EPC inspection conducted in May 2021. This puts it in the largest 10% 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 THE RIDGE lies on this distribution: 93% of detached houses are smaller than 2 THE RIDGE, and 7% of houses are larger. Note that EPC data is not available for all properties in Cowes.

2 THE RIDGE: Plot and Title Map

2 THE RIDGE sits on a plot of roughly 0.155 of an acre, or 626m². The below map shows the location of 2 THE RIDGE, 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 RIDGE). 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 RIDGE?

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