38, SHORE ROAD, COWES, PO31 8LD - £300,000

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

38 SHORE ROAD is a very small detached house of 62m², built sometime between 1930 and 1949. It was last sold for £300,000 in December 2020, which was around 19% below the average December 2020 detached price in the Isle of Wight local authority area. The most recent EPC inspection was July 2017, where the current energy rating was E, and the potential energy rating was D.

38 SHORE ROAD Sold Prices

Land registry data shows three sales for 38 SHORE 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 38 SHORE ROAD 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
2020 4 DEC	£300,000	£368,126	19% below HPI
2007 31 JAN	£245,000	£258,033	5% below HPI
1997 7 NOV	£52,000	£83,780	38% below HPI

38 SHORE 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 38 SHORE ROAD sales between November 1997 and December 2020 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 January 2007 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the December 2020 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 38 SHORE ROAD?

38 SHORE ROAD is 62m² according to the EPC inspection conducted in July 2017. 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 38 SHORE ROAD lies on this distribution: 6% of detached houses are smaller than 38 SHORE ROAD, and 93% of houses are larger. Note that EPC data is not available for all properties in Cowes.

38 SHORE ROAD: Plot and Title Map

38 SHORE ROAD sits on a plot of roughly 0.029 of an acre, or 117m². The below map shows the location of 38 SHORE 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 38 SHORE 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 38 SHORE ROAD?

38 SHORE ROAD is located in COWES, in the PO31 postcode district. The below map shows the position of No. 38 on SHORE ROAD.