8, THE RIDGE, COWES, PO31 8QN - £335,000

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

8 THE RIDGE is a midsized detached house of 111m², built sometime between 1991 and 1995. It was last sold for £335,000 in November 2012, which was around 35% above the average November 2012 detached price in the Isle of Wight local authority area. The most recent EPC inspection was April 2012, where the current energy rating was D, and the potential energy rating was C.

8 THE RIDGE Sold Prices

Land registry data shows two sales for 8 THE RIDGE 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. Both of the two 8 THE RIDGE 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
2012 30 NOV	£335,000	£248,815	35% above HPI
1999 7 MAY	£107,700	£97,717	10% above HPI

8 THE RIDGE 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 8 THE RIDGE sales from May 1999 and November 2012 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 May 1999 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the November 2012 sale, where it rises to 35% above the HPI. The line then continues to track at 35% above the HPI.

How Large is 8 THE RIDGE?

8 THE RIDGE is 111m² according to the EPC inspection conducted in April 2012. This puts it in the largest 50% of detached houses in Cowes, based on EPC data. The below chart shows the distribution of detached houses by size in Cowes, and where 8 THE RIDGE lies on this distribution: 50% of detached houses are smaller than 8 THE RIDGE, and 49% of houses are larger. Note that EPC data is not available for all properties in Cowes.

8 THE RIDGE: Plot and Title Map

8 THE RIDGE sits on a plot of roughly 0.131 of an acre, or 528m². The below map shows the location of 8 THE RIDGE, 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 THE RIDGE). 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 THE RIDGE?

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