21, PAN LANE, NEWPORT, PO30 2AS - £131,250

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.

21 PAN LANE is a very small semi-detached house of 74m², built sometime between 1950 and 1966, which could now be worth an estimated £217,211. It was last sold for £131,250 in December 2011, which was around 24% below the average December 2011 semi-detached price in the Isle of Wight local authority area. The most recent EPC inspection was October 2010, where the current energy rating was D, and the potential energy rating was C.

21 PAN LANE Sold Prices

Land registry data shows three sales for 21 PAN LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Isle of Wight local authority area for the corresponding sale date. All of the three 21 PAN 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
2011 7 DEC	£131,250	£171,618	24% below HPI
2011 26 JAN	£135,000	£173,224	22% below HPI
2002 10 OCT	£79,950	£113,593	30% below HPI

21 PAN LANE 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 three 21 PAN LANE sales between October 2002 and December 2011 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 January 2011 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the December 2011 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might 21 PAN LANE be worth now?

21 PAN LANE might now be worth an estimated £217,211.

This is based on house price inflation of 65.5%, between December 2011 and March 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 65.5% inflationary increase is applied to the most recent sale price for 21 PAN LANE of £131,250 on 7th December 2011. For the value to have increased from £131,250 to £217,211 over the fourteen years and nine months to March 2025, the following assumptions must hold true:

• The value of 21 PAN LANE has moved in line with the HPI for semi-detached houses in the Isle of Wight local authority area.
• The December 2011 sale price of £131,250 represented a fair market value for the property.
• The size, condition, and specification of 21 PAN LANE has not materially changed since December 2011.

How Large is 21 PAN LANE?

21 PAN LANE is 74m² according to the EPC inspection conducted in October 2010. This puts it in the smallest 20% of semi-detached houses houses in Newport, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Newport, and where 21 PAN LANE lies on this distribution: 19% of semi-detached houses houses are smaller than 21 PAN LANE, and 81% of houses are larger. Note that EPC data is not available for all properties in Newport.

21 PAN LANE: Plot and Title Map

21 PAN LANE sits on a plot of roughly 0.078 of an acre, or 314m². The below map shows the location of 21 PAN 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 21 PAN 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 21 PAN LANE?

21 PAN LANE is located in NEWPORT, in the PO30 postcode district. The below map shows the position of No. 21 on PAN LANE.