2, VEREKER DRIVE, EAST COWES, PO32 6QD - £171,000

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 VEREKER DRIVE is a very small detached house of 62m², built sometime between 1950 and 1966. It was last sold for £171,000 in May 2011, which was around 32% below the average May 2011 detached price in the Isle of Wight local authority area. The most recent EPC inspection was February 2011, where the current energy rating was D, and the potential energy rating was C.

2 VEREKER DRIVE Sold Prices

Land registry data shows two sales for 2 VEREKER DRIVE 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 VEREKER DRIVE 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
2011 12 MAY	£171,000	£249,829	32% below HPI
2003 21 FEB	£124,000	£185,490	33% below HPI

2 VEREKER DRIVE 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 VEREKER DRIVE sales from February 2003 and May 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 February 2003 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the May 2011 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 2 VEREKER DRIVE?

2 VEREKER DRIVE is 62m² according to the EPC inspection conducted in February 2011. This puts it in the smallest 10% 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 VEREKER DRIVE lies on this distribution: 6% of detached houses are smaller than 2 VEREKER DRIVE, and 94% of houses are larger. Note that EPC data is not available for all properties in East Cowes.

2 VEREKER DRIVE: Plot and Title Map

2 VEREKER DRIVE sits on a plot of roughly 0.114 of an acre, or 460m². The below map shows the location of 2 VEREKER DRIVE, 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 VEREKER DRIVE). 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 VEREKER DRIVE?

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