28, VEREKER DRIVE, EAST COWES, PO32 6QD - £260,000

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

28 VEREKER DRIVE is a very small detached house of 69m², built sometime between 1950 and 1966. It was last sold for £260,000 in August 2024, which was around 34% below the average August 2024 detached price in the Isle of Wight local authority area. The most recent EPC inspection was July 2023, where the current energy rating was B, and the potential energy rating was B.

28 VEREKER DRIVE Sold Prices

Land registry data shows three sales for 28 VEREKER DRIVE 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 28 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
2024 9 AUG	£260,000	£394,293	34% below HPI
2007 19 OCT	£175,000	£273,234	36% below HPI
1996 14 AUG	£53,500	£70,804	24% below HPI

28 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 three 28 VEREKER DRIVE sales between August 1996 and August 2024 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 October 2007 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the August 2024 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 28 VEREKER DRIVE?

28 VEREKER DRIVE is 69m² according to the EPC inspection conducted in July 2023. This puts it in the smallest 20% 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 28 VEREKER DRIVE lies on this distribution: 10% of detached houses are smaller than 28 VEREKER DRIVE, and 88% of houses are larger. Note that EPC data is not available for all properties in East Cowes.

28 VEREKER DRIVE: Plot and Title Map

28 VEREKER DRIVE sits on a plot of roughly 0.111 of an acre, or 451m². The below map shows the location of 28 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 28 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 28 VEREKER DRIVE?

28 VEREKER DRIVE is located in EAST COWES, in the PO32 postcode district. The below map shows the position of No. 28 on VEREKER DRIVE.