1, THE LAWNS, FAIRLEE ROAD, NEWPORT, PO30 2PT - £151,000

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.

1 THE LAWNS is a small terraced house of 75m², built sometime between 1983 and 1990, which could now be worth an estimated £217,225. It was last sold for £151,000 in June 2015, which was around 4% above the average June 2015 terraced price in the Isle of Wight local authority area. The most recent EPC inspection was July 2014, where the current energy rating was D, and the potential energy rating was B.

1 THE LAWNS Sold Prices

Land registry data shows three sales for 1 THE LAWNS 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 1 THE LAWNS 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
2015 19 JUN	£151,000	£144,704	4% above HPI
2001 16 FEB	£88,500	£61,888	43% above HPI
1997 27 NOV	£55,000	£40,334	36% above HPI

1 THE LAWNS 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 1 THE LAWNS sales between November 1997 and June 2015 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 February 2001 sale was for 43% above the HPI. So the extrapolation line tracks at 43% above the HPI over time, until the June 2015 sale, where it falls to 4% above the HPI. The line then continues to track at 4% above the HPI.

What might 1 THE LAWNS be worth now?

1 THE LAWNS might now be worth an estimated £217,225.

This is based on house price inflation of 43.9%, between June 2015 and June 2025, 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 43.9% inflationary increase is applied to the most recent sale price for 1 THE LAWNS of £151,000 on 19th June 2015. For the value to have increased from £151,000 to £217,225 over the ten years to June 2025, the following assumptions must hold true:

• The value of 1 THE LAWNS has moved in line with the HPI for terraced houses in the Isle of Wight local authority area.
• The June 2015 sale price of £151,000 represented a fair market value for the property.
• The size, condition, and specification of 1 THE LAWNS has not materially changed since June 2015.

How Large is 1 THE LAWNS?

1 THE LAWNS is 75m² according to the EPC inspection conducted in July 2014. This puts it in the smallest 30% of terraced houses houses in Newport, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Newport, and where 1 THE LAWNS lies on this distribution: 21% of terraced houses houses are smaller than 1 THE LAWNS, and 78% of houses are larger. Note that EPC data is not available for all properties in Newport.

1 THE LAWNS: Plot and Title Map

1 THE LAWNS sits on a plot of roughly 3.3 acres, or 13,321m². The below map shows the location of 1 THE LAWNS, 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 1 THE LAWNS). 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 1 THE LAWNS?

1 THE LAWNS is located on FAIRLEE ROAD in NEWPORT, in the PO30 postcode district. The below map shows the position of 1 THE LAWNS on FAIRLEE ROAD.