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

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

4 WESTWAY is a very small detached house of 56m², built sometime between 1983 and 1990. It was last sold for £200,000 in May 2016, which was around 31% 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	£288,538	31% below HPI
2014 31 OCT	£185,000	£271,407	32% below HPI
2004 2 JUN	£165,000	£221,074	25% below HPI
1999 30 NOV	£77,500	£107,969	28% 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 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the May 2016 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

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 in Cowes, based on EPC data. The below chart shows the distribution of detached houses by size in Cowes, and where 4 WESTWAY lies on this distribution: 4% of detached 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.