4, WESTWAY, COWES, PO31 8QP - £200,000

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.

4 WESTWAY is a very small detached house of 56m², built sometime between 1983 and 1990, which could now be worth an estimated £288,200. It was last sold for £200,000 in May 2016, which was around 29% below the average May 2016 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.

4 WESTWAY Sold Prices

Land registry data shows four sales for 4 WESTWAY 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 4 WESTWAY 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
2016 25 MAY	£200,000	£282,523	29% below HPI
2014 31 OCT	£185,000	£265,750	30% below HPI
2004 2 JUN	£165,000	£216,466	24% below HPI
1999 30 NOV	£77,500	£105,718	27% below HPI

4 WESTWAY 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 4 WESTWAY sales between November 1999 and May 2016 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 October 2014 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the May 2016 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 4 WESTWAY be worth now?

4 WESTWAY might now be worth an estimated £288,200.

This is based on house price inflation of 44.1%, between May 2016 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 44.1% inflationary increase is applied to the most recent sale price for 4 WESTWAY of £200,000 on 25th May 2016. For the value to have increased from £200,000 to £288,200 over the nine years and three months to February 2025, the following assumptions must hold true:

• The value of 4 WESTWAY has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The May 2016 sale price of £200,000 represented a fair market value for the property.
• The size, condition, and specification of 4 WESTWAY has not materially changed since May 2016.

How Large is 4 WESTWAY?

4 WESTWAY is 56m² according to the EPC inspection conducted in June 2014. 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 4 WESTWAY lies on this distribution: 4% of detached houses houses are smaller than 4 WESTWAY, and 96% of houses are larger. Note that EPC data is not available for all properties in Cowes.

4 WESTWAY: Plot and Title Map

4 WESTWAY sits on a plot of roughly 0.077 of an acre, or 312m². The below map shows the location of 4 WESTWAY, 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 4 WESTWAY). 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 4 WESTWAY?

4 WESTWAY is located in COWES, in the PO31 postcode district. The below map shows the position of No. 4 on WESTWAY.