THE NEST, BURNT HOUSE LANE, NEWPORT, PO30 2PJ - £256,500

THE NEST is a very small extended detached house of 69m², built sometime before 1900. It was last sold for £256,500 in June 2020, which was around 23% below the average June 2020 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.

THE NEST Sold Prices

Land registry data shows four sales for THE NEST since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. two of the four THE NEST sales were for below the average price, and four were for 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
2020 8 JUN	£256,500	£334,146	23% below HPI
2013 26 SEP	£227,500	£255,877	11% below HPI
2004 30 APR	£220,000	£212,531	4% above HPI
1995 25 OCT	£90,500	£69,416	30% above HPI

THE NEST 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 four THE NEST sales between October 1995 and June 2020 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 September 2013 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the June 2020 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is THE NEST?

THE NEST is 69m², which includes two extensions, according to the EPC inspection conducted in October 2010. This puts it in the smallest 20% of detached houses in Newport, based on EPC data. The below chart shows the distribution of detached houses by size in Newport, and where THE NEST lies on this distribution: 13% of detached houses are smaller than THE NEST, and 87% of houses are larger. Note that EPC data is not available for all properties in Newport.

THE NEST: Plot and Title Map

THE NEST sits on a plot of roughly 0.094 of an acre, or 379m². The below map shows the location of THE NEST, 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 THE NEST). 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 THE NEST?

THE NEST is located on BURNT HOUSE LANE in NEWPORT, in the PO30 postcode district. The below map shows the position of THE NEST on BURNT HOUSE LANE.