2A, PLACE SIDE, COWES, PO31 7BB - £180,000

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.

2A PLACE SIDE is a very small terraced house of 72m², built in 2009, which could now be worth an estimated £234,472. It was last sold for £180,000 in June 2017, which was around 15% above the average June 2017 terraced price in the Isle of Wight local authority area. The most recent EPC inspection was May 2017, where the current energy rating was C, and the potential energy rating was A.

2A PLACE SIDE Sold Prices

Land registry data shows three sales for 2A PLACE SIDE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Isle of Wight local authority area for the corresponding sale date. All of the three 2A PLACE SIDE 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 15 JUN	£180,000	£156,564	15% above HPI
2000 23 JUN	£70,000	£57,647	21% above HPI
1998 30 APR	£49,000	£41,003	20% above HPI

2A PLACE SIDE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Isle of Wight local authority area over time, sourced from the HPI. The three 2A PLACE SIDE sales between April 1998 and June 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 June 2000 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the June 2017 sale, where it falls to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might 2A PLACE SIDE be worth now?

2A PLACE SIDE might now be worth an estimated £234,472.

This is based on house price inflation of 30.3%, between June 2017 and May 2026, for terraced 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 30.3% inflationary increase is applied to the most recent sale price for 2A PLACE SIDE of £180,000 on 15th June 2017. For the value to have increased from £180,000 to £234,472 over the nine years and one month to May 2026, the following assumptions must hold true:

• The value of 2A PLACE SIDE has moved in line with the HPI for terraced houses in the Isle of Wight local authority area.
• The June 2017 sale price of £180,000 represented a fair market value for the property.
• The size, condition, and specification of 2A PLACE SIDE has not materially changed since June 2017.

How Large is 2A PLACE SIDE?

2A PLACE SIDE is 72m² according to the EPC inspection conducted in May 2017. This puts it in the smallest 20% of terraced houses houses in Cowes, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Cowes, and where 2A PLACE SIDE lies on this distribution: 14% of terraced houses houses are smaller than 2A PLACE SIDE, and 85% of houses are larger. Note that EPC data is not available for all properties in Cowes.

2A PLACE SIDE: Plot and Title Map

2A PLACE SIDE sits on a plot of roughly 0.044 of an acre, or 177m². The below map shows the location of 2A PLACE SIDE, 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 2A PLACE SIDE). 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 2A PLACE SIDE?

2A PLACE SIDE is located in COWES, in the PO31 postcode district. The below map shows the position of No. 2A on PLACE SIDE.