118, FAIRLEE ROAD, NEWPORT, PO30 2EL - £255,000

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.

118 FAIRLEE ROAD is a large extended detached house of 114m², built sometime before 1900, which could now be worth an estimated £286,968. It was last sold for £255,000 in June 2021, which was around 30% below the average June 2021 detached price in the Isle of Wight local authority area. The most recent EPC inspection was August 2016, where the current energy rating was E, and the potential energy rating was C.

118 FAIRLEE ROAD Sold Prices

Land registry data shows four sales for 118 FAIRLEE ROAD 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. All of the four 118 FAIRLEE ROAD 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
2021 14 JUN	£255,000	£361,764	30% below HPI
2015 1 OCT	£180,000	£280,358	36% below HPI
2005 15 APR	£194,950	£232,018	16% below HPI
2005 18 FEB	£205,000	£233,282	12% below HPI

118 FAIRLEE ROAD 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 118 FAIRLEE ROAD sales between February 2005 and June 2021 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 October 2015 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the June 2021 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 118 FAIRLEE ROAD be worth now?

118 FAIRLEE ROAD might now be worth an estimated £286,968.

This is based on house price inflation of 12.5%, between June 2021 and February 2025, for 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 12.5% inflationary increase is applied to the most recent sale price for 118 FAIRLEE ROAD of £255,000 on 14th June 2021. For the value to have increased from £255,000 to £286,968 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 118 FAIRLEE ROAD has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The June 2021 sale price of £255,000 represented a fair market value for the property.
• The size, condition, and specification of 118 FAIRLEE ROAD has not materially changed since June 2021.

How Large is 118 FAIRLEE ROAD?

118 FAIRLEE ROAD is 114m², which includes one extension, according to the EPC inspection conducted in August 2016. This puts it in the largest 40% of detached houses houses in Newport, based on EPC data. The below chart shows the distribution of detached houses houses by size in Newport, and where 118 FAIRLEE ROAD lies on this distribution: 67% of detached houses houses are smaller than 118 FAIRLEE ROAD, and 32% of houses are larger. Note that EPC data is not available for all properties in Newport.

118 FAIRLEE ROAD: Plot and Title Map

118 FAIRLEE ROAD sits on a plot of roughly 0.069 of an acre, or 279m². The below map shows the location of 118 FAIRLEE ROAD, 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 118 FAIRLEE ROAD). 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 118 FAIRLEE ROAD?

118 FAIRLEE ROAD is located in NEWPORT, in the PO30 postcode district. The below map shows the position of No. 118 on FAIRLEE ROAD.