42, MILL HILL ROAD, COWES, PO31 7EG - £305,000

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

42 MILL HILL ROAD is a very small extended detached house of 64m², built sometime between 1930 and 1949. It was last sold for £305,000 in June 2023, which was around 29% below the average June 2023 detached price in the Isle of Wight local authority area. The most recent EPC inspection was January 2023, where the current energy rating was D, and the potential energy rating was C.

42 MILL HILL ROAD Sold Prices

Land registry data shows three sales for 42 MILL HILL 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 42 MILL HILL 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
2023 27 JUN	£305,000	£429,262	29% below HPI
2018 10 JUL	£160,000	£312,782	49% below HPI
2017 23 JUN	£128,000	£301,002	57% below HPI

42 MILL HILL 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 42 MILL HILL ROAD sales between June 2017 and June 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 July 2018 sale was for 49% below the HPI. So the extrapolation line tracks at 49% below the HPI over time, until the June 2023 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 42 MILL HILL ROAD?

42 MILL HILL ROAD is 64m², which includes one extension, according to the EPC inspection conducted in January 2023. 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 42 MILL HILL ROAD lies on this distribution: 9% of detached houses are smaller than 42 MILL HILL ROAD, and 91% of houses are larger. Note that EPC data is not available for all properties in Cowes.

42 MILL HILL ROAD: Plot and Title Map

42 MILL HILL ROAD sits on a plot of roughly 0.054 of an acre, or 217m². The below map shows the location of 42 MILL HILL 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 42 MILL HILL 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 42 MILL HILL ROAD?

42 MILL HILL ROAD is located in COWES, in the PO31 postcode district. The below map shows the position of No. 42 on MILL HILL ROAD.