15, FAIRMOUNT DRIVE, NEWPORT, PO30 2JE - £180,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

15 FAIRMOUNT DRIVE is a very small detached house of 46m², built sometime between 1950 and 1966. It was last sold for £180,000 in March 2024, which was around 56% below the average March 2024 detached price in the Isle of Wight local authority area. The most recent EPC inspection was September 2023, where the current energy rating was E, and the potential energy rating was C.

15 FAIRMOUNT DRIVE Sold Prices

Land registry data shows two sales for 15 FAIRMOUNT DRIVE 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 15 FAIRMOUNT DRIVE 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
2024 28 MAR	£180,000	£408,060	56% below HPI
1997 14 AUG	£49,500	£79,983	38% below HPI

15 FAIRMOUNT DRIVE 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 15 FAIRMOUNT DRIVE sales from August 1997 and March 2024 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 1997 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the March 2024 sale, where it falls to 56% below the HPI. The line then continues to track at 56% below the HPI.

How Large is 15 FAIRMOUNT DRIVE?

15 FAIRMOUNT DRIVE is 46m² according to the EPC inspection conducted in September 2023. 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 15 FAIRMOUNT DRIVE lies on this distribution: 1% of detached houses are smaller than 15 FAIRMOUNT DRIVE, and 99% of houses are larger. Note that EPC data is not available for all properties in Newport.

15 FAIRMOUNT DRIVE: Plot and Title Map

15 FAIRMOUNT DRIVE sits on a plot of roughly 0.065 of an acre, or 261m². The below map shows the location of 15 FAIRMOUNT DRIVE, 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 15 FAIRMOUNT DRIVE). 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 15 FAIRMOUNT DRIVE?

15 FAIRMOUNT DRIVE is located in NEWPORT, in the PO30 postcode district. The below map shows the position of No. 15 on FAIRMOUNT DRIVE.