HIGHFIELD, PALLANCE LANE, COWES, PO31 8LT - £350,000

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

HIGHFIELD is a midsized extended detached house of 104m², built sometime between 1950 and 1966. It was last sold for £350,000 in November 2023, which was around 17% below the average November 2023 detached price in the Isle of Wight local authority area. The most recent EPC inspection was April 2019, where the current energy rating was D, and the potential energy rating was C.

HIGHFIELD Sold Prices

Land registry data shows three sales for HIGHFIELD 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. One of the three HIGHFIELD sales was for below the average price, whilst two 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
2023 3 NOV	£350,000	£419,588	17% below HPI
2010 25 JAN	£277,500	£251,088	11% above HPI
2001 2 NOV	£182,500	£146,015	25% above HPI

HIGHFIELD 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 HIGHFIELD sales between November 2001 and November 2023 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 January 2010 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the November 2023 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is HIGHFIELD?

HIGHFIELD is 104m², which includes one extension, according to the EPC inspection conducted in April 2019. This puts it in the smallest 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 HIGHFIELD lies on this distribution: 44% of detached houses are smaller than HIGHFIELD, and 55% of houses are larger. Note that EPC data is not available for all properties in Cowes.

HIGHFIELD: Plot and Title Map

HIGHFIELD sits on a plot of roughly 0.237 of an acre, or 957m². The below map shows the location of HIGHFIELD, 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 HIGHFIELD). 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 HIGHFIELD?

HIGHFIELD is located on PALLANCE LANE in COWES, in the PO31 postcode district. The below map shows the position of HIGHFIELD on PALLANCE LANE.