NEWLANDS, CHAPEL LANE, REDLYNCH, SALISBURY, SP5 2HN - £364,000

NEWLANDS is a midsized extended detached house of 128m², built sometime between 1950 and 1966. It was last sold for £364,000 in February 2014, which was around 14% above the average February 2014 detached price in the Wiltshire local authority area. The most recent EPC inspection was February 2010, where the current energy rating was D, and the potential energy rating was D.

NEWLANDS Sold Prices

Land registry data shows five sales for NEWLANDS since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Wiltshire local authority area for the corresponding sale date. The five NEWLANDS sales were a mix of above the average price, roughly equal to the average price, and 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
2014 14 FEB	£364,000	£319,323	14% above HPI
2010 27 AUG	£405,000	£312,176	30% above HPI
2003 2 MAY	£280,000	£254,168	10% above HPI
2000 28 JAN	£160,000	£159,739	Close to HPI
1998 28 OCT	£128,000	£132,425	3% below HPI

NEWLANDS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wiltshire local authority area over time, sourced from the HPI. The five NEWLANDS sales between October 1998 and February 2014 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 August 2010 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the February 2014 sale, where it falls to 14% above the HPI. The line then continues to track at 14% above the HPI.

How Large is NEWLANDS?

NEWLANDS is 128m², which includes two extensions, according to the EPC inspection conducted in February 2010. This puts it in the smallest 50% of detached houses in Redlynch, based on EPC data. The below chart shows the distribution of detached houses by size in Redlynch, and where NEWLANDS lies on this distribution: 42% of detached houses are smaller than NEWLANDS, and 58% of houses are larger. Note that EPC data is not available for all properties in Redlynch.

NEWLANDS: Plot and Title Map

NEWLANDS sits on a plot of roughly 0.277 of an acre, or 1,122m². The below map shows the location of NEWLANDS, 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 NEWLANDS). 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 NEWLANDS?

NEWLANDS is located on CHAPEL LANE in REDLYNCH, in the SP5 postcode district. The below map shows the position of NEWLANDS on CHAPEL LANE.