8, SCHOOL LANE, CARISBROOKE, NEWPORT, PO30 5JX - £216,000

8 SCHOOL LANE is a very small detached house of 52m², built sometime between 1967 and 1975. It was last sold for £216,000 in November 2011, which was around 14% below the average November 2011 detached price in the Isle of Wight local authority area. The most recent EPC inspection was September 2011, where the current energy rating was D, and the potential energy rating was D.

8 SCHOOL LANE Sold Prices

Land registry data shows three sales for 8 SCHOOL LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. All of the three 8 SCHOOL 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 25 NOV	£216,000	£251,986	14% below HPI
2009 8 APR	£200,000	£230,871	13% below HPI
1998 30 DEC	£75,000	£94,612	21% below HPI

8 SCHOOL 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 three 8 SCHOOL LANE sales between December 1998 and November 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 April 2009 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the November 2011 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 8 SCHOOL LANE?

8 SCHOOL LANE is 52m² according to the EPC inspection conducted in September 2011. 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 8 SCHOOL LANE lies on this distribution: 2% of detached houses are smaller than 8 SCHOOL LANE, and 98% of houses are larger. Note that EPC data is not available for all properties in Newport.

8 SCHOOL LANE: Plot and Title Map

8 SCHOOL LANE sits on a plot of roughly 0.092 of an acre, or 370m². The below map shows the location of 8 SCHOOL 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 8 SCHOOL 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 8 SCHOOL LANE?

8 SCHOOL LANE is located in CARISBROOKE, in the PO30 postcode district. The below map shows the position of No. 8 on SCHOOL LANE.