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

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 THE RIDGE is a midsized detached house of 111m², built sometime between 1991 and 1995, which could now be worth an estimated £559,801. It was last sold for £335,000 in November 2012, which was around 38% 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	£243,629	38% above HPI
1999 7 MAY	£107,700	£95,680	13% 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 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the November 2012 sale, where it rises to 38% above the HPI. The line then continues to track at 38% above the HPI.

What might 8 THE RIDGE be worth now?

8 THE RIDGE might now be worth an estimated £559,801.

This is based on house price inflation of 67.1%, between November 2012 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 67.1% inflationary increase is applied to the most recent sale price for 8 THE RIDGE of £335,000 on 30th November 2012. For the value to have increased from £335,000 to £559,801 over the thirteen years and nine months to February 2025, the following assumptions must hold true:

• The value of 8 THE RIDGE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The November 2012 sale price of £335,000 represented a fair market value for the property.
• The size, condition, and specification of 8 THE RIDGE has not materially changed since November 2012.

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 houses in Cowes, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cowes, and where 8 THE RIDGE lies on this distribution: 50% of detached houses 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 0.130 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.