VERDON LODGE, KENT AVENUE, EAST COWES, PO32 6BN - £200,000

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

VERDON LODGE is a very small extended detached house of 46m², built sometime between 1900 and 1929. It was last sold for £200,000 in May 2023, which was around 53% below the average May 2023 detached price in the Isle of Wight local authority area. The most recent EPC inspection was October 2022, where the current energy rating was F, and the potential energy rating was B.

VERDON LODGE Sold Prices

Land registry data shows two sales for VERDON LODGE 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 VERDON LODGE 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
2023 15 MAY	£200,000	£428,324	53% below HPI
1998 12 NOV	£57,000	£95,045	40% below HPI

VERDON LODGE 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 VERDON LODGE sales from November 1998 and May 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 November 1998 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the May 2023 sale, where it falls to 53% below the HPI. The line then continues to track at 53% below the HPI.

How Large is VERDON LODGE?

VERDON LODGE is 46m², which includes one extension, according to the EPC inspection conducted in October 2022. This puts it in the smallest 10% 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 VERDON LODGE lies on this distribution: Less than 1% of detached houses are smaller than VERDON LODGE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in East Cowes.

VERDON LODGE: Plot and Title Map

VERDON LODGE sits on a plot of roughly 0.074 of an acre, or 297m². The below map shows the location of VERDON LODGE, 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 VERDON LODGE). 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 VERDON LODGE?

VERDON LODGE is located on KENT AVENUE in EAST COWES, in the PO32 postcode district. The below map shows the position of VERDON LODGE on KENT AVENUE.