Flat 5, Raleigh House Medina Gardens, Cowes, PO31 7AZ is a leasehold flat built between 1991-1995. The property offers approximately 1,087 square feet of living space and is situated on the 2nd floor. In this location, apartments of similar size usually have four bedrooms.

The estimated current market value of the property is £314,878 , which equates to approximately £290 per square foot. It was last sold on 1 Feb 2023 for £345,000. Since then, the value has decreased by £30,122, representing a 8.7% decrease, or approximately 3.0% per year.

The current estimated value of £314,878 is:

  • 5.5% higher than the average property price on Medina Gardens
  • 11.9% higher than the average in the PO31 7AZ postcode area
  • and 5.1% lower than the average price for Cowes as a whole

This property has had 2 EPC inspections with recorded tenure information. It was recorded as owner-occupied both times. This suggests the property has typically been lived in by its owners, which often reflects longer-term residency and more consistent maintenance.

At the most recent EPC inspection on 9 November 2022, the property was recorded as owner-occupied.

View sold house prices in PO31 7AZ

Building approximate location

About Property

Type
Flat
Built
1991-1995
Interior Size
1087 sq ft
Tenure
Leasehold
Floor level
2nd floor
Price (estimate)
£314,878
Price Per sq ft (estimate)
£290
Bedroom Count (estimate)
4 bedrooms

EPC Summary

Flat 5, Raleigh House Medina Gardens, Cowes, Isle Of Wight, PO31 7AZ has an Energy Performance Certificate (EPC) rating of C, based on the latest assessment carried out on 9 Nov 2022.

This property uses electric storage heaters as its main heating source. Hot water is provided from off-peak electric immersion heater. The windows are fully double glazed.

The previous EPC assessment was conducted on 9 Sep 2010. The rating of C remains the same, but the energy efficiency score improved by 2.8%.

Since the previous assessment, several changes were observed:

  • The main heating energy efficiency improving from poor to average, while the heating system type remained the same (electric storage heaters).
  • The hot water energy efficiency improving from poor to average, while the system remained as electric immersion, off-peak.
  • The lighting was updated from low energy lighting in 36% of fixed outlets to low energy lighting in 78% of fixed outlets, with efficiency improving from average to very good.
Heating Type
Electric storage heaters
Average
Hot Water
Electric immersion, off-peak
Average
Walls
Cavity wall, as built, insulated (assumed)
Good
Windows
Fully double glazed
Average
Lighting
Low energy lighting in 78% of fixed outlets
Very Good

Compared to PO31 7AZ

6 th / 17
Price Rank
12% higher than average
3 rd / 16
Size Rank
15% bigger than average
9 th / 16
Price Per Sq FT Rank
2% lower than average

Compared to other properties in PO31 7AZ , this flat's estimated value ranks 6th out of 17. Based on price per square foot, it ranks 9th out of 16 properties. In terms of size, this home ranks 3rd out of 16 properties in its postcode area.

Sale History

Today
£314,878
streetscan.co.uk estimate
-9 %
1 Feb 2023
£345,000
Leasehold
+50 %
19 Jul 2011
£230,000
Leasehold
-17.9 %
9 Feb 2007
£280,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 5
size: 1003 sq ft
sale price: £285,000
sale date: 30 Jul 2021
rooms: 5
size: 1066 sq ft
sale price: £280,000
sale date: 25 Feb 2021
rooms: 5
size: 1195 sq ft
sale price: £284,000
sale date: 21 Feb 2020
rooms: 5
size: 1184 sq ft
sale price: £218,000
sale date: 7 Apr 2016
rooms: 4
size: 1055 sq ft
sale price: £215,000
sale date: 14 Mar 2016

Data Sources

The property at Flat 5, Raleigh House Medina Gardens, Cowes, PO31 7AZ appears three times in the Land Registry records, with the latest transaction recorded on 1 Feb 2023. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 9 Nov 2022. We use this data, to estimate the property's characteristics and current market value.

This website uses public sector information from:

These datasets are licensed under the Open Government Licence v3.0.
This website is not affiliated with or endorsed by HM Land Registry or DLUHC.


Disclaimer: StreetScan.co.uk makes all reasonable efforts to ensure the information provided on this website is current and accurate; however, no warranties or representations are made as to its completeness or accuracy. StreetScan.co.uk expressly disclaims any and all liability for any loss, damage, or expense arising directly or indirectly from the use of, or reliance upon, such information.