3, HORNHILL, REW STREET, COWES, PO31 8NT - £137,500

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

3 HORNHILL is a very small extended detached house of 38m², built sometime between 1976 and 1982. It was last sold for £137,500 in January 2019, which was around 58% below the average January 2019 detached price in the Isle of Wight local authority area. The most recent EPC inspection was May 2018, where the current energy rating was F, and the potential energy rating was B.

3 HORNHILL Sold Prices

Land registry data shows six sales for 3 HORNHILL since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. All of the six 3 HORNHILL 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 2 JAN	£137,500	£326,544	58% below HPI
2013 18 DEC	£73,000	£259,966	72% below HPI
2009 22 JUN	£92,000	£235,237	61% below HPI
2007 20 JUN	£97,000	£259,835	63% below HPI
2007 2 MAR	£87,500	£258,789	66% below HPI
2005 14 OCT	£87,500	£243,518	64% below HPI

3 HORNHILL 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 six 3 HORNHILL sales between October 2005 and January 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 December 2013 sale was for 72% below the HPI. So the extrapolation line tracks at 72% below the HPI over time, until the January 2019 sale, where it rises to 58% below the HPI. The line then continues to track at 58% below the HPI.

How Large is 3 HORNHILL?

3 HORNHILL is 38m², which includes one extension, according to the EPC inspection conducted in May 2018. This puts it in the smallest 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 3 HORNHILL lies on this distribution: 1% of detached houses are smaller than 3 HORNHILL, and 99% of houses are larger. Note that EPC data is not available for all properties in Cowes.

3 HORNHILL: Plot and Title Map

3 HORNHILL sits on a plot of roughly 0.031 of an acre, or 125m². The below map shows the location of 3 HORNHILL, 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 HORNHILL). 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 HORNHILL?

3 HORNHILL is located on REW STREET in COWES, in the PO31 postcode district. The below map shows the position of 3 HORNHILL on REW STREET.