8, COTTON CLOSE, COWES, PO31 7UG - £312,000

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.

8 COTTON CLOSE is a small detached house of 98m², built sometime between 1996 and 2002, which could now be worth an estimated £368,245. It was last sold for £312,000 in October 2020, which was around 10% below the average October 2020 detached price in the Isle of Wight local authority area. The most recent EPC inspection was August 2013, where the current energy rating was D, and the potential energy rating was B.

8 COTTON CLOSE Sold Prices

Land registry data shows four sales for 8 COTTON CLOSE 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. Most of the four 8 COTTON CLOSE 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
2020 30 OCT	£312,000	£344,934	10% below HPI
2017 17 FEB	£275,000	£289,053	5% below HPI
2005 4 MAR	£245,000	£233,021	5% above HPI
2001 10 AUG	£134,950	£140,267	4% below HPI

8 COTTON CLOSE 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 8 COTTON CLOSE sales between August 2001 and October 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 2017 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the October 2020 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 8 COTTON CLOSE be worth now?

8 COTTON CLOSE might now be worth an estimated £368,245.

This is based on house price inflation of 18%, between October 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 18% inflationary increase is applied to the most recent sale price for 8 COTTON CLOSE of £312,000 on 30th October 2020. For the value to have increased from £312,000 to £368,245 over the five years and eight months to February 2025, the following assumptions must hold true:

• The value of 8 COTTON CLOSE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The October 2020 sale price of £312,000 represented a fair market value for the property.
• The size, condition, and specification of 8 COTTON CLOSE has not materially changed since October 2020.

How Large is 8 COTTON CLOSE?

8 COTTON CLOSE is 98m² according to the EPC inspection conducted in August 2013. This puts it in the smallest 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 8 COTTON CLOSE lies on this distribution: 37% of detached houses houses are smaller than 8 COTTON CLOSE, and 62% of houses are larger. Note that EPC data is not available for all properties in Cowes.

8 COTTON CLOSE: Plot and Title Map

8 COTTON CLOSE sits on a plot of roughly 0.096 of an acre, or 389m². The below map shows the location of 8 COTTON CLOSE, 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 8 COTTON CLOSE). 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 8 COTTON CLOSE?

8 COTTON CLOSE is located in COWES, in the PO31 postcode district. The below map shows the position of No. 8 on COTTON CLOSE.