40, GREENWAYS, COWES, PO31 8AN - £330,000

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

40 GREENWAYS is a small detached house of 99m², built sometime between 1996 and 2002. It was last sold for £330,000 in August 2023, which was around 22% below the average August 2023 detached price in the Isle of Wight local authority area. The most recent EPC inspection was August 2022, where the current energy rating was D, and the potential energy rating was C.

40 GREENWAYS Sold Prices

Land registry data shows two sales for 40 GREENWAYS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. One of the two 40 GREENWAYS sales was for below the average price, whilst the other was 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
2023 23 AUG	£330,000	£422,181	22% below HPI
1998 24 NOV	£99,200	£95,045	4% above HPI

40 GREENWAYS 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 two 40 GREENWAYS sales from November 1998 and August 2023 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 November 1998 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the August 2023 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 40 GREENWAYS?

40 GREENWAYS is 99m² according to the EPC inspection conducted in August 2022. This puts it in the smallest 40% of detached houses in Cowes, based on EPC data. The below chart shows the distribution of detached houses by size in Cowes, and where 40 GREENWAYS lies on this distribution: 39% of detached houses are smaller than 40 GREENWAYS, and 60% of houses are larger. Note that EPC data is not available for all properties in Cowes.

40 GREENWAYS: Plot and Title Map

40 GREENWAYS sits on a plot of roughly 0.080 of an acre, or 324m². The below map shows the location of 40 GREENWAYS, 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 40 GREENWAYS). 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 40 GREENWAYS?

40 GREENWAYS is located in COWES, in the PO31 postcode district. The below map shows the position of No. 40 on GREENWAYS.