318, PARK ROAD, COWES, PO31 7NN - £525,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

318 PARK ROAD is a large extended detached house of 158m², built sometime between 1930 and 1949. It was last sold for £525,000 in April 2018, which was around 70% above the average April 2018 detached price in the Isle of Wight local authority area. The most recent EPC inspection was June 2014, where the current energy rating was D, and the potential energy rating was B.

318 PARK ROAD Sold Prices

Land registry data shows three sales for 318 PARK ROAD 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 318 PARK ROAD 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
2018 12 APR	£525,000	£308,472	70% above HPI
2014 23 MAY	£340,000	£267,093	27% above HPI
1999 12 JUL	£125,000	£98,055	27% above HPI

318 PARK ROAD 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 318 PARK ROAD sales between July 1999 and April 2018 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 May 2014 sale was for 27% above the HPI. So the extrapolation line tracks at 27% above the HPI over time, until the April 2018 sale, where it rises to 70% above the HPI. The line then continues to track at 70% above the HPI.

How Large is 318 PARK ROAD?

318 PARK ROAD is 158m², which includes one extension, according to the EPC inspection conducted in June 2014. This puts it in the largest 30% of detached houses in Cowes, based on EPC data. The below chart shows the distribution of detached houses by size in Cowes, and where 318 PARK ROAD lies on this distribution: 76% of detached houses are smaller than 318 PARK ROAD, and 23% of houses are larger. Note that EPC data is not available for all properties in Cowes.

318 PARK ROAD: Plot and Title Map

318 PARK ROAD sits on a plot of roughly 0.321 of an acre, or 1,298m². The below map shows the location of 318 PARK ROAD, 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 318 PARK ROAD). 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 318 PARK ROAD?

318 PARK ROAD is located in COWES, in the PO31 postcode district. The below map shows the position of No. 318 on PARK ROAD.