3, BARING DRIVE, COWES, PO31 8DD - £1,025,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

3 BARING DRIVE is a large extended detached house of 140m², built sometime between 1967 and 1975, which could now be worth an estimated £974,738. It was last sold for £1,025,000 in January 2023, which was around 139% above the average January 2023 detached price in the Isle of Wight local authority area. The most recent EPC inspection was May 2022, where the current energy rating was D, and the potential energy rating was C.

3 BARING DRIVE Sold Prices

Land registry data shows four sales for 3 BARING DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. All of the four 3 BARING DRIVE 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
2023 27 JAN	£1,025,000	£428,109	139% above HPI
2019 24 SEP	£525,000	£318,187	65% above HPI
2016 2 SEP	£460,000	£289,607	59% above HPI
1997 24 MAR	£75,000	£70,991	6% above HPI

3 BARING 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 four 3 BARING DRIVE sales between March 1997 and January 2023 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 September 2019 sale was for 65% above the HPI. So the extrapolation line tracks at 65% above the HPI over time, until the January 2023 sale, where it rises to 139% above the HPI. The line then continues to track at 139% above the HPI.

What might 3 BARING DRIVE be worth now?

3 BARING DRIVE might now be worth an estimated £974,738.

This is based on house price deflation of 4.9%, between January 2023 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 4.9% deflationary decrease is applied to the most recent sale price for 3 BARING DRIVE of £1,025,000 on 27th January 2023. For the value to have decreased from £1,025,000 to £974,738 over the one year and eleven months to February 2025, the following assumptions must hold true:

• The value of 3 BARING DRIVE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The January 2023 sale price of £1,025,000 represented a fair market value for the property.
• The size, condition, and specification of 3 BARING DRIVE has not materially changed since January 2023.

How Large is 3 BARING DRIVE?

3 BARING DRIVE is 140m², which includes three extensions, according to the EPC inspection conducted in May 2022. This puts it in the largest 40% 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 3 BARING DRIVE lies on this distribution: 69% of detached houses houses are smaller than 3 BARING DRIVE, and 31% of houses are larger. Note that EPC data is not available for all properties in Cowes.

3 BARING DRIVE: Plot and Title Map

3 BARING DRIVE sits on a plot of roughly 0.139 of an acre, or 563m². The below map shows the location of 3 BARING 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 3 BARING 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 3 BARING DRIVE?

3 BARING DRIVE is located in COWES, in the PO31 postcode district. The below map shows the position of No. 3 on BARING DRIVE.