7, THE SLIPWAY, COWES, PO31 7FD - £300,000

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.

7 THE SLIPWAY is a midsized detached house of 101m², built sometime between 2003 and 2006, which could now be worth an estimated £338,837. It was last sold for £300,000 in December 2020, which was around 17% below the average December 2020 detached price in the Isle of Wight local authority area. The most recent EPC inspection was August 2012, where the current energy rating was C, and the potential energy rating was B.

7 THE SLIPWAY Sold Prices

Land registry data shows two sales for 7 THE SLIPWAY 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 7 THE SLIPWAY 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
2020 8 DEC	£300,000	£360,453	17% below HPI
2005 18 FEB	£247,450	£233,282	6% above HPI

7 THE SLIPWAY 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 7 THE SLIPWAY sales from February 2005 and December 2020 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 February 2005 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the December 2020 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 7 THE SLIPWAY be worth now?

7 THE SLIPWAY might now be worth an estimated £338,837.

This is based on house price inflation of 12.9%, between December 2020 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 12.9% inflationary increase is applied to the most recent sale price for 7 THE SLIPWAY of £300,000 on 8th December 2020. For the value to have increased from £300,000 to £338,837 over the five years and ten months to February 2025, the following assumptions must hold true:

• The value of 7 THE SLIPWAY has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The December 2020 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 7 THE SLIPWAY has not materially changed since December 2020.

How Large is 7 THE SLIPWAY?

7 THE SLIPWAY is 101m² according to the EPC inspection conducted in August 2012. This puts it in the smallest 50% 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 7 THE SLIPWAY lies on this distribution: 41% of detached houses houses are smaller than 7 THE SLIPWAY, and 59% of houses are larger. Note that EPC data is not available for all properties in Cowes.

7 THE SLIPWAY: Plot and Title Map

7 THE SLIPWAY sits on a plot of roughly 0.073 of an acre, or 295m². The below map shows the location of 7 THE SLIPWAY, 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 7 THE SLIPWAY). 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 7 THE SLIPWAY?

7 THE SLIPWAY is located in COWES, in the PO31 postcode district. The below map shows the position of No. 7 on THE SLIPWAY.