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House Prices in PO31 House Prices in PO31 (Cowes)

The average house price in PO31 (Cowes) is £232,291 using HM Land Registry data.

The average property price increased by £71,072 (41.16%) over the last 5 years and increased by £14,237 (5.63%) over the last 12 months.

Over the last year, there were 187 residential property sales – a decrease of 61 transactions (-32.62%) relative to the previous year. The majority of house sales (59) were in the £238,000 - £326,000 range. Then came properties in the £150,000 - £238,000 range, where 45 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 193 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-11,234 (-3%).

In January 2025, there were 57 new estate agency instructions, 28 agreed home sales and 25 property price reductions.

Nearby Postcodes: PO30, PO32, PO33, PO36, PO38, PO40, PO41

5-Year Average Property Prices in PO31 (Cowes)

41.16%

Property prices in PO31 (Cowes) increased by 41.16% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in PO31 (Cowes) Over the Last Year

5.63%

Property prices in PO31 (Cowes) increased by 5.63% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for PO31 (Cowes) - January 2025

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in PO31 (Cowes)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in PO31 (Cowes)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in PO31 (Cowes)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the PO31 (Cowes) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the PO31 postcode area since 1995.

Recent Sales in PO31 (Cowes)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
2 Velsheda View, Cowes, Isle Of Wight, PO31 7FP£435,000£420,000-£15,00028 May 202406 Dec 2024192 Days
14 Charles Road, Cowes, Isle Of Wight, PO31 8HG£340,000£330,000-£10,00021 Mar 202403 Dec 2024257 Days
36 Pallance Road, Northwood, Cowes, Isle Of Wight, PO31 8LW£410,000£405,000-£5,00019 Jul 202429 Nov 2024133 Days
10 The Ridge, Cowes, Isle Of Wight, PO31 8QN£415,000£415,000£023 May 202429 Nov 2024190 Days
22 Green Lane, Cowes, Isle Of Wight, PO31 8QG£480,000£440,000-£40,00029 May 202407 Nov 2024162 Days
86 Nelson Drive, Cowes, Isle Of Wight, PO31 8QY£230,000£225,000-£5,00007 Jun 202404 Nov 2024150 Days
173 Newport Road, Cowes, Isle Of Wight, PO31 7ER£165,000£165,000£023 Aug 202431 Oct 202469 Days
20 Green Lane, Cowes, Isle Of Wight, PO31 8QG£465,000£450,000-£15,00025 Apr 202431 Oct 2024189 Days
83 Victoria Road, Cowes, Isle Of Wight, PO31 7JJ£398,000£395,000-£3,00012 Apr 202429 Oct 2024200 Days
15 Stanley Road, Cowes, Isle Of Wight, PO31 7PZ£220,000£215,520-£4,48029 Apr 202422 Oct 2024176 Days
215 Park Road, Cowes, Isle Of Wight, PO31 7NP£425,000£415,000-£10,00012 Feb 202414 Oct 2024245 Days
36 Greenways, Cowes, Isle Of Wight, PO31 8AN£260,000£245,000-£15,00004 Apr 202414 Oct 2024193 Days
32 Oxford Street, Cowes, Isle Of Wight, PO31 8PT£395,000£380,000-£15,00026 Jul 202304 Oct 2024436 Days
79 Pallance Road, Northwood, Cowes, Isle Of Wight, PO31 8LP£380,000£380,000£028 May 202401 Oct 2024126 Days
38a, Nodes Road, Northwood, Cowes, Isle Of Wight, PO31 8AD£340,000£330,000-£10,00005 Jun 202401 Oct 2024118 Days
11 Ash Grove, Cowes, Isle Of Wight, PO31 7HD£245,000£240,000-£5,00011 May 202427 Sep 2024139 Days
3 Wroxall Close, Cowes, Isle Of Wight, PO31 8AQ£250,000£240,000-£10,00019 Aug 202327 Sep 2024405 Days
3 Highfield Road, Cowes, Isle Of Wight, PO31 7UF£275,000£275,000£025 Jul 202426 Sep 202463 Days
18 West Hill Road, Cowes, Isle Of Wight, PO31 7SF£350,000£338,600-£11,40025 Mar 202401 Aug 2024129 Days
34 Gordon Road, Cowes, Isle Of Wight, PO31 7SL£375,000£375,000£014 Mar 202431 Jul 2024139 Days

Most Expensive Streets in PO31 (Cowes)

PostcodeStreetAreaAverageNo. of Sales
PO31 8BQQueens RoadCowes£1,218,3336
PO31 8JZSolent View Road, GurnardCowes£1,097,5187
PO31 8BPEgypt HillCowes£1,071,6663
PO31 8JXWorsley Road, GurnardCowes£812,0003
PO31 7QZCastle RoadCowes£776,3005
PO31 8DWBaring RoadCowes£746,2506
PO31 8AZWard AvenueCowes£731,6663
PO31 8LEPrinces EsplanadeCowes£714,5006
PO31 8JWWorsley RoadCowes£713,7504
PO31 7TWUnion RoadCowes£678,3333

Least Expensive Streets in PO31 (Cowes)

PostcodeStreetAreaAverageNo. of Sales
PO31 8RNGurnard Pines, GurnardCowes£59,8333
PO31 8RLGurnard PinesCowes£91,6586
PO31 7FYThe SidingsCowes£124,0003
PO31 7DGNewport RoadCowes£138,2005
PO31 7DZOrchard House, Orchard PlaceCowes£141,1663
PO31 8BTBriary Court, Egypt EsplanadeCowes£154,63729
PO31 7EXMill Hill Lodge, Mill Hill RoadCowes£159,1663
PO31 7XBBrunswick Court, Medina RoadCowes£161,6663
PO31 7EAMill Hill RoadCowes£169,7506
PO31 7PBBridge RoadCowes£173,2504

Explore PO31 (Cowes) using map

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