THE STUDIO, MARKET HILL, COWES, PO31 7TR - £360,000

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.

THE STUDIO is a midsized semi-detached house of 113m², built sometime before 1900, which could now be worth an estimated £498,147. It was last sold for £360,000 in October 2017, which was around 75% above the average October 2017 semi-detached price in the Isle of Wight local authority area. The most recent EPC inspection was April 2017, where the current energy rating was D, and the potential energy rating was B.

THE STUDIO Sold Prices

Land registry data shows two sales for THE STUDIO since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Isle of Wight local authority area for the corresponding sale date. Both of the two THE STUDIO 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 16 OCT	£360,000	£206,086	75% above HPI
2016 20 OCT	£198,000	£195,555	1% above HPI

THE STUDIO Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Isle of Wight local authority area over time, sourced from the HPI. The two THE STUDIO sales from October 2016 and October 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 October 2016 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the October 2017 sale, where it rises to 75% above the HPI. The line then continues to track at 75% above the HPI.

What might THE STUDIO be worth now?

THE STUDIO might now be worth an estimated £498,147.

This is based on house price inflation of 38.4%, between October 2017 and February 2025, for semi-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 38.4% inflationary increase is applied to the most recent sale price for THE STUDIO of £360,000 on 16th October 2017. For the value to have increased from £360,000 to £498,147 over the eight years and eight months to February 2025, the following assumptions must hold true:

• The value of THE STUDIO has moved in line with the HPI for semi-detached houses in the Isle of Wight local authority area.
• The October 2017 sale price of £360,000 represented a fair market value for the property.
• The size, condition, and specification of THE STUDIO has not materially changed since October 2017.

How Large is THE STUDIO?

THE STUDIO is 113m² according to the EPC inspection conducted in April 2017. This puts it in the largest 50% of semi-detached houses houses in Cowes, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Cowes, and where THE STUDIO lies on this distribution: 52% of semi-detached houses houses are smaller than THE STUDIO, and 48% of houses are larger. Note that EPC data is not available for all properties in Cowes.

THE STUDIO: Plot and Title Map

THE STUDIO sits on a plot of roughly 0.045 of an acre, or 184m². The below map shows the location of THE STUDIO, 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 STUDIO). 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 STUDIO?

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