12, SPRING LANE, NEWPORT, PO30 1NP - £255,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

12 SPRING LANE is a large extended detached house of 105m², built sometime between 1930 and 1949, which could now be worth an estimated £408,470. It was last sold for £255,000 in June 2012, which was around 2% above the average June 2012 detached price in the Isle of Wight local authority area. The most recent EPC inspection was February 2012, where the current energy rating was E, and the potential energy rating was D.

12 SPRING LANE Sold Prices

Land registry data shows two sales for 12 SPRING LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. Both of the two 12 SPRING LANE sales 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
2012 29 JUN	£255,000	£250,382	2% above HPI
1995 5 MAY	£72,500	£66,782	9% above HPI

12 SPRING 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 two 12 SPRING LANE sales from May 1995 and June 2012 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 May 1995 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the June 2012 sale, where it falls to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might 12 SPRING LANE be worth now?

12 SPRING LANE might now be worth an estimated £408,470.

This is based on house price inflation of 60.2%, between June 2012 and December 2024, 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 60.2% inflationary increase is applied to the most recent sale price for 12 SPRING LANE of £255,000 on 29th June 2012. For the value to have increased from £255,000 to £408,470 over the eleven years and six months to December 2024, the following assumptions must hold true:

• The value of 12 SPRING LANE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The June 2012 sale price of £255,000 represented a fair market value for the property.
• The size, condition, and specification of 12 SPRING LANE has not materially changed since June 2012.

How Large is 12 SPRING LANE?

12 SPRING LANE is 105m², which includes one extension, according to the EPC inspection conducted in February 2012. 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 12 SPRING LANE lies on this distribution: 62% of detached houses houses are smaller than 12 SPRING LANE, and 38% of houses are larger. Note that EPC data is not available for all properties in Newport.

12 SPRING LANE: Plot and Title Map

12 SPRING LANE sits on a plot of roughly 0.149 of an acre, or 603m². The below map shows the location of 12 SPRING 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 12 SPRING 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 12 SPRING LANE?

12 SPRING LANE is located in NEWPORT, in the PO30 postcode district. The below map shows the position of No. 12 on SPRING LANE.