7, THE RIDGE, COWES, PO31 8QN - £485,000

7 THE RIDGE is a very large extended detached house of 168m², built sometime between 1996 and 2002. It was last sold for £485,000 in July 2017, which was around 61% above the average July 2017 detached price in the Isle of Wight local authority area. The most recent EPC inspection was October 2008, where the current energy rating was C, and the potential energy rating was C.

7 THE RIDGE Sold Prices

Land registry data shows three sales for 7 THE RIDGE 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 7 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
2017 6 JUL	£485,000	£301,332	61% above HPI
1999 22 DEC	£205,000	£108,185	89% above HPI
1997 30 SEP	£136,000	£81,314	67% above HPI

7 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 three 7 THE RIDGE sales between September 1997 and July 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 December 1999 sale was for 89% above the HPI. So the extrapolation line tracks at 89% above the HPI over time, until the July 2017 sale, where it falls to 61% above the HPI. The line then continues to track at 61% above the HPI.

How Large is 7 THE RIDGE?

7 THE RIDGE is 168m², which includes one extension, according to the EPC inspection conducted in October 2008. 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 7 THE RIDGE lies on this distribution: 82% of detached houses are smaller than 7 THE RIDGE, and 18% of houses are larger. Note that EPC data is not available for all properties in Cowes.

7 THE RIDGE: Plot and Title Map

7 THE RIDGE sits on a plot of roughly 0.323 of an acre, or 1,306m². The below map shows the location of 7 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 7 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 7 THE RIDGE?

7 THE RIDGE is located in COWES, in the PO31 postcode district. The below map shows the position of No. 7 on THE RIDGE.