2, SPRING LANE, NEWPORT, PO30 1NP - £250,000

2 SPRING LANE is a very small detached house of 54m². It was last sold for £250,000 in August 2012, which was around 3% below the average August 2012 detached price in the Isle of Wight local authority area. The most recent EPC inspection was May 2009, where the current energy rating was C, and the potential energy rating was C.

2 SPRING LANE Sold Prices

Land registry data shows two sales for 2 SPRING LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. Both of the two 2 SPRING LANE sales were for below 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
2012 14 AUG	£250,000	£257,714	3% below HPI
2006 19 DEC	£170,000	£253,266	33% below HPI

2 SPRING LANE 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 two 2 SPRING LANE sales from December 2006 and August 2012 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 2006 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the August 2012 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is 2 SPRING LANE?

2 SPRING LANE is 54m² according to the EPC inspection conducted in May 2009. This puts it in the smallest 10% of detached houses in Newport, based on EPC data. The below chart shows the distribution of detached houses by size in Newport, and where 2 SPRING LANE lies on this distribution: 3% of detached houses are smaller than 2 SPRING LANE, and 97% of houses are larger. Note that EPC data is not available for all properties in Newport.

2 SPRING LANE: Plot and Title Map

2 SPRING LANE sits on a plot of roughly 0.057 of an acre, or 229m². The below map shows the location of 2 SPRING LANE, 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 2 SPRING LANE). 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 2 SPRING LANE?

2 SPRING LANE is located in NEWPORT, in the PO30 postcode district. The below map shows the position of No. 2 on SPRING LANE.