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

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

3 HORNHILL is a very small extended detached house of 38m², built sometime between 1976 and 1982, which could now be worth an estimated £175,076. It was last sold for £137,500 in January 2019, which was around 57% 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	£319,738	57% below HPI
2013 18 DEC	£73,000	£254,547	71% below HPI
2009 22 JUN	£92,000	£230,333	60% below HPI
2007 20 JUN	£97,000	£254,418	62% below HPI
2007 2 MAR	£87,500	£253,395	65% below HPI
2005 14 OCT	£87,500	£238,442	63% 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 71% below the HPI. So the extrapolation line tracks at 71% below the HPI over time, until the January 2019 sale, where it rises to 57% below the HPI. The line then continues to track at 57% below the HPI.

What might 3 HORNHILL be worth now?

3 HORNHILL might now be worth an estimated £175,076.

This is based on house price inflation of 27.3%, between January 2019 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 27.3% inflationary increase is applied to the most recent sale price for 3 HORNHILL of £137,500 on 2nd January 2019. For the value to have increased from £137,500 to £175,076 over the five years and eleven months to February 2025, the following assumptions must hold true:

• The value of 3 HORNHILL has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The January 2019 sale price of £137,500 represented a fair market value for the property.
• The size, condition, and specification of 3 HORNHILL has not materially changed since January 2019.

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 houses in Cowes, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cowes, and where 3 HORNHILL lies on this distribution: 1% of detached houses 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.