41, CROSS LANE, NEWPORT, PO30 2JW - £134,000

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.

41 CROSS LANE is a small terraced house of 87m², built sometime between 1930 and 1949, which could now be worth an estimated £184,749. It was last sold for £134,000 in March 2016, which was around 11% below the average March 2016 terraced price in the Isle of Wight local authority area. The most recent EPC inspection was June 2018, where the current energy rating was C, and the potential energy rating was B.

41 CROSS LANE Sold Prices

Land registry data shows five sales for 41 CROSS LANE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the Isle of Wight local authority area for the corresponding sale date. The five 41 CROSS LANE sales were a mix of below the average price, roughly equal to the average price, and 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
2016 31 MAR	£134,000	£150,986	11% below HPI
2008 9 DEC	£137,000	£137,066	Close to HPI
2007 3 SEP	£142,500	£149,272	5% below HPI
2005 5 SEP	£128,000	£127,339	1% above HPI
2000 24 MAY	£60,000	£55,424	8% above HPI

41 CROSS LANE 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 five 41 CROSS LANE sales between May 2000 and March 2016 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 2008 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the March 2016 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 41 CROSS LANE be worth now?

41 CROSS LANE might now be worth an estimated £184,749.

This is based on house price inflation of 37.9%, between March 2016 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 37.9% inflationary increase is applied to the most recent sale price for 41 CROSS LANE of £134,000 on 31st March 2016. For the value to have increased from £134,000 to £184,749 over the eight years and nine months to June 2025, the following assumptions must hold true:

• The value of 41 CROSS LANE has moved in line with the HPI for terraced houses in the Isle of Wight local authority area.
• The March 2016 sale price of £134,000 represented a fair market value for the property.
• The size, condition, and specification of 41 CROSS LANE has not materially changed since March 2016.

How Large is 41 CROSS LANE?

41 CROSS LANE is 87m² according to the EPC inspection conducted in June 2018. This puts it in the smallest 40% 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 41 CROSS LANE lies on this distribution: 37% of terraced houses houses are smaller than 41 CROSS LANE, and 62% of houses are larger. Note that EPC data is not available for all properties in Newport.

41 CROSS LANE: Plot and Title Map

41 CROSS LANE sits on a plot of roughly 0.048 of an acre, or 194m². The below map shows the location of 41 CROSS 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 41 CROSS 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 41 CROSS LANE?

41 CROSS LANE is located in NEWPORT, in the PO30 postcode district. The below map shows the position of No. 41 on CROSS LANE.