THE HERITAGE, TUTTONS HILL, COWES, PO31 8JA - £645,000

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

THE HERITAGE is a very large extended detached house of 172m², built sometime between 1950 and 1966. It was last sold for £645,000 in September 2017, which was around 111% above the average September 2017 detached price in the Isle of Wight local authority area. The most recent EPC inspection was July 2015, where the current energy rating was D, and the potential energy rating was B.

THE HERITAGE Sold Prices

Land registry data shows three sales for THE HERITAGE 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 THE HERITAGE 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
2017 5 SEP	£645,000	£305,199	111% above HPI
2013 23 MAY	£545,000	£243,197	124% above HPI
1997 4 APR	£150,000	£74,389	102% above HPI

THE HERITAGE 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 THE HERITAGE sales between April 1997 and September 2017 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 2013 sale was for 124% above the HPI. So the extrapolation line tracks at 124% above the HPI over time, until the September 2017 sale, where it falls to 111% above the HPI. The line then continues to track at 111% above the HPI.

How Large is THE HERITAGE?

THE HERITAGE is 172m², which includes one extension, according to the EPC inspection conducted in July 2015. This puts it in the largest 20% of detached houses in Cowes, based on EPC data. The below chart shows the distribution of detached houses by size in Cowes, and where THE HERITAGE lies on this distribution: 82% of detached houses are smaller than THE HERITAGE, and 18% of houses are larger. Note that EPC data is not available for all properties in Cowes.

THE HERITAGE: Plot and Title Map

THE HERITAGE sits on a plot of roughly 1.6 acres, or 6,604m². The below map shows the location of THE HERITAGE, 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 THE HERITAGE). 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 THE HERITAGE?

THE HERITAGE is located on TUTTONS HILL in COWES, in the PO31 postcode district. The below map shows the position of THE HERITAGE on TUTTONS HILL.