2, MEADOW LANE, NEWTOWN, SY16 2DU - £224,950

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

2 MEADOW LANE is a large extended detached house of 127m², built sometime between 1967 and 1975. It was last sold for £224,950 in May 2013, which was around 10% above the average May 2013 detached price in the Powys local authority area. The most recent EPC inspection was June 2012, where the current energy rating was D, and the potential energy rating was C.

2 MEADOW LANE Sold Prices

Land registry data shows four sales for 2 MEADOW LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Powys local authority area for the corresponding sale date. All of the four 2 MEADOW 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
2013 2 MAY	£224,950	£205,426	10% above HPI
2004 2 JUL	£220,000	£173,500	27% above HPI
1997 14 NOV	£73,250	£72,400	1% above HPI
1996 15 MAR	£68,000	£62,561	9% above HPI

2 MEADOW LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Powys local authority area over time, sourced from the HPI. The four 2 MEADOW LANE sales between March 1996 and May 2013 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 July 2004 sale was for 27% above the HPI. So the extrapolation line tracks at 27% above the HPI over time, until the May 2013 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

How Large is 2 MEADOW LANE?

2 MEADOW LANE is 127m², which includes one extension, according to the EPC inspection conducted in June 2012. This puts it in the largest 40% of detached houses in Newtown, based on EPC data. The below chart shows the distribution of detached houses by size in Newtown, and where 2 MEADOW LANE lies on this distribution: 68% of detached houses are smaller than 2 MEADOW LANE, and 31% of houses are larger. Note that EPC data is not available for all properties in Newtown.

2 MEADOW LANE: Plot and Title Map

2 MEADOW LANE sits on a plot of roughly 0.107 of an acre, or 433m². The below map shows the location of 2 MEADOW 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 2 MEADOW 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 2 MEADOW LANE?

2 MEADOW LANE is located in NEWTOWN, in the SY16 postcode district. The below map shows the position of No. 2 on MEADOW LANE.