12, THE RIDGE, COWES, PO31 8QN - £277,500

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.

12 THE RIDGE is a small detached house of 97m², built sometime between 1996 and 2002, which could now be worth an estimated £408,490. It was last sold for £277,500 in July 2014, which was around 6% above the average July 2014 detached price in the Isle of Wight local authority area. The most recent EPC inspection was June 2013, where the current energy rating was D, and the potential energy rating was B.

12 THE RIDGE Sold Prices

Land registry data shows two sales for 12 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 12 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
2014 11 JUL	£277,500	£262,343	6% above HPI
2006 7 JUL	£247,000	£242,181	2% above HPI

12 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 12 THE RIDGE sales from July 2006 and July 2014 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 July 2006 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the July 2014 sale, where it rises to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might 12 THE RIDGE be worth now?

12 THE RIDGE might now be worth an estimated £408,490.

This is based on house price inflation of 47.2%, between July 2014 and June 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 47.2% inflationary increase is applied to the most recent sale price for 12 THE RIDGE of £277,500 on 11th July 2014. For the value to have increased from £277,500 to £408,490 over the eleven years and one month to June 2025, the following assumptions must hold true:

• The value of 12 THE RIDGE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The July 2014 sale price of £277,500 represented a fair market value for the property.
• The size, condition, and specification of 12 THE RIDGE has not materially changed since July 2014.

How Large is 12 THE RIDGE?

12 THE RIDGE is 97m² according to the EPC inspection conducted in June 2013. This puts it in the smallest 40% 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 12 THE RIDGE lies on this distribution: 37% of detached houses houses are smaller than 12 THE RIDGE, and 62% of houses are larger. Note that EPC data is not available for all properties in Cowes.

12 THE RIDGE: Plot and Title Map

12 THE RIDGE sits on a plot of roughly 0.090 of an acre, or 364m². The below map shows the location of 12 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 12 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 12 THE RIDGE?

12 THE RIDGE is located in COWES, in the PO31 postcode district. The below map shows the position of No. 12 on THE RIDGE.