34, VEREKER DRIVE, EAST COWES, PO32 6QE - £290,000

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.

34 VEREKER DRIVE is a midsized extended detached house of 99m², built sometime between 1967 and 1975, which could now be worth an estimated £326,355. It was last sold for £290,000 in June 2021, which was around 20% below the average June 2021 detached price in the Isle of Wight local authority area. The most recent EPC inspection was January 2014, where the current energy rating was D, and the potential energy rating was B.

34 VEREKER DRIVE Sold Prices

Land registry data shows four sales for 34 VEREKER 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 34 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
2021 25 JUN	£290,000	£361,764	20% below HPI
2016 19 AUG	£210,000	£287,686	27% below HPI
2011 8 APR	£184,000	£247,340	26% below HPI
1995 16 MAR	£56,000	£67,531	17% below HPI

34 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 four 34 VEREKER DRIVE sales between March 1995 and June 2021 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 August 2016 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the June 2021 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 34 VEREKER DRIVE be worth now?

34 VEREKER DRIVE might now be worth an estimated £326,355.

This is based on house price inflation of 12.5%, between June 2021 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 12.5% inflationary increase is applied to the most recent sale price for 34 VEREKER DRIVE of £290,000 on 25th June 2021. For the value to have increased from £290,000 to £326,355 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 34 VEREKER DRIVE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The June 2021 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of 34 VEREKER DRIVE has not materially changed since June 2021.

How Large is 34 VEREKER DRIVE?

34 VEREKER DRIVE is 99m², which includes one extension, according to the EPC inspection conducted in January 2014. This puts it in the largest 50% of detached houses houses in East Cowes, based on EPC data. The below chart shows the distribution of detached houses houses by size in East Cowes, and where 34 VEREKER DRIVE lies on this distribution: 58% of detached houses houses are smaller than 34 VEREKER DRIVE, and 41% of houses are larger. Note that EPC data is not available for all properties in East Cowes.

34 VEREKER DRIVE: Plot and Title Map

34 VEREKER DRIVE sits on a plot of roughly 0.101 of an acre, or 407m². The below map shows the location of 34 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 34 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 34 VEREKER DRIVE?

34 VEREKER DRIVE is located in EAST COWES, in the PO32 postcode district. The below map shows the position of No. 34 on VEREKER DRIVE.