45, GREEN LANE, COWES, PO31 8QG - £370,000

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.

45 GREEN LANE is a large detached house of 135m², built sometime between 1996 and 2002, which could now be worth an estimated £592,248. It was last sold for £370,000 in February 2011, which was around 45% above the average February 2011 detached price in the Isle of Wight local authority area. The most recent EPC inspection was October 2010, where the current energy rating was C, and the potential energy rating was C.

45 GREEN LANE Sold Prices

Land registry data shows three sales for 45 GREEN LANE 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 45 GREEN LANE sales were 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
2011 14 FEB	£370,000	£254,341	45% above HPI
2009 30 JAN	£345,000	£234,091	47% above HPI
1998 19 MAR	£123,500	£80,609	53% above HPI

45 GREEN LANE 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 45 GREEN LANE sales between March 1998 and February 2011 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 2009 sale was for 47% above the HPI. So the extrapolation line tracks at 47% above the HPI over time, until the February 2011 sale, where it falls to 45% above the HPI. The line then continues to track at 45% above the HPI.

What might 45 GREEN LANE be worth now?

45 GREEN LANE might now be worth an estimated £592,248.

This is based on house price inflation of 60.1%, between February 2011 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 60.1% inflationary increase is applied to the most recent sale price for 45 GREEN LANE of £370,000 on 14th February 2011. For the value to have increased from £370,000 to £592,248 over the fourteen years to February 2025, the following assumptions must hold true:

• The value of 45 GREEN LANE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The February 2011 sale price of £370,000 represented a fair market value for the property.
• The size, condition, and specification of 45 GREEN LANE has not materially changed since February 2011.

How Large is 45 GREEN LANE?

45 GREEN LANE is 135m² according to the EPC inspection conducted in October 2010. This puts it in the largest 40% 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 45 GREEN LANE lies on this distribution: 66% of detached houses houses are smaller than 45 GREEN LANE, and 34% of houses are larger. Note that EPC data is not available for all properties in Cowes.

45 GREEN LANE: Plot and Title Map

45 GREEN LANE sits on a plot of roughly 0.165 of an acre, or 667m². The below map shows the location of 45 GREEN LANE, 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 45 GREEN LANE). 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 45 GREEN LANE?

45 GREEN LANE is located in COWES, in the PO31 postcode district. The below map shows the position of No. 45 on GREEN LANE.