2, VELSHEDA VIEW, COWES, PO31 7FP - £300,000

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 VELSHEDA VIEW is a midsized extended detached house of 113m², built sometime between 1996 and 2002. It was last sold for £300,000 in August 2019, which was around 8% below the average August 2019 detached price in the Isle of Wight local authority area. The most recent EPC inspection was August 2023, where the current energy rating was D, and the potential energy rating was C.

2 VELSHEDA VIEW Sold Prices

Land registry data shows five sales for 2 VELSHEDA VIEW 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. Most of the five 2 VELSHEDA VIEW 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
2019 5 AUG	£300,000	£326,313	8% below HPI
2016 12 APR	£265,000	£288,855	8% below HPI
2010 30 APR	£247,500	£254,018	3% below HPI
2004 2 SEP	£219,000	£229,384	5% below HPI
2002 8 NOV	£187,500	£183,809	2% above HPI

2 VELSHEDA VIEW 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 VELSHEDA VIEW sales between November 2002 and August 2019 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 April 2016 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the August 2019 sale, which was also at 8% below the HPI.

How Large is 2 VELSHEDA VIEW?

2 VELSHEDA VIEW is 113m², which includes one extension, according to the EPC inspection conducted in August 2023. This puts it in the largest 50% 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 VELSHEDA VIEW lies on this distribution: 52% of detached houses are smaller than 2 VELSHEDA VIEW, and 47% of houses are larger. Note that EPC data is not available for all properties in Cowes.

2 VELSHEDA VIEW: Plot and Title Map

2 VELSHEDA VIEW sits on a plot of roughly 0.064 of an acre, or 258m². The below map shows the location of 2 VELSHEDA VIEW, 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 VELSHEDA VIEW). 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 VELSHEDA VIEW?

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