9, VEREKER DRIVE, EAST COWES, PO32 6QD - £228,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

9 VEREKER DRIVE is a midsized extended detached house of 90m², built sometime between 1950 and 1966. It was last sold for £228,000 in May 2016, which was around 21% below the average May 2016 detached price in the Isle of Wight local authority area. The most recent EPC inspection was April 2023, where the current energy rating was C, and the potential energy rating was C.

9 VEREKER DRIVE Sold Prices

Land registry data shows three sales for 9 VEREKER DRIVE 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 9 VEREKER DRIVE 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
2016 9 MAY	£228,000	£288,538	21% below HPI
2001 13 AUG	£112,000	£143,253	22% below HPI
1996 18 OCT	£62,500	£71,010	12% below HPI

9 VEREKER DRIVE 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 9 VEREKER DRIVE sales between October 1996 and May 2016 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 August 2001 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the May 2016 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 9 VEREKER DRIVE?

9 VEREKER DRIVE is 90m², which includes one extension, according to the EPC inspection conducted in April 2023. This puts it in the smallest 50% of detached houses in East Cowes, based on EPC data. The below chart shows the distribution of detached houses by size in East Cowes, and where 9 VEREKER DRIVE lies on this distribution: 45% of detached houses are smaller than 9 VEREKER DRIVE, and 55% of houses are larger. Note that EPC data is not available for all properties in East Cowes.

9 VEREKER DRIVE: Plot and Title Map

9 VEREKER DRIVE sits on a plot of roughly 0.159 of an acre, or 641m². The below map shows the location of 9 VEREKER DRIVE, 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 9 VEREKER DRIVE). 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 9 VEREKER DRIVE?

9 VEREKER DRIVE is located in EAST COWES, in the PO32 postcode district. The below map shows the position of No. 9 on VEREKER DRIVE.