22, SPRINGFIELD LANE, RHIWDERIN, NEWPORT, NP10 8QZ - £275,000

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

22 SPRINGFIELD LANE is a large detached house of 126m², built sometime between 1983 and 1990. It was last sold for £275,000 in November 2009, which was around 29% above the average November 2009 detached price in the Newport local authority area. The most recent EPC inspection was December 2011, where the current energy rating was D, and the potential energy rating was C.

22 SPRINGFIELD LANE Sold Prices

Land registry data shows two sales for 22 SPRINGFIELD 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 Newport local authority area for the corresponding sale date. Both of the two 22 SPRINGFIELD 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
2009 30 NOV	£275,000	£212,929	29% above HPI
2003 31 JAN	£249,500	£160,455	55% above HPI

22 SPRINGFIELD LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Newport local authority area over time, sourced from the HPI. The two 22 SPRINGFIELD LANE sales from January 2003 and November 2009 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 January 2003 sale was for 55% above the HPI. So the extrapolation line tracks at 55% above the HPI over time, until the November 2009 sale, where it falls to 29% above the HPI. The line then continues to track at 29% above the HPI.

How Large is 22 SPRINGFIELD LANE?

22 SPRINGFIELD LANE is 126m² according to the EPC inspection conducted in December 2011. This puts it in the largest 40% of detached houses in Newport, based on EPC data. The below chart shows the distribution of detached houses by size in Newport, and where 22 SPRINGFIELD LANE lies on this distribution: 69% of detached houses are smaller than 22 SPRINGFIELD LANE, and 31% of houses are larger. Note that EPC data is not available for all properties in Newport.

22 SPRINGFIELD LANE: Plot and Title Map

22 SPRINGFIELD LANE sits on a plot of roughly 0.122 of an acre, or 492m². The below map shows the location of 22 SPRINGFIELD 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 22 SPRINGFIELD 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 22 SPRINGFIELD LANE?

22 SPRINGFIELD LANE is located in RHIWDERIN, in the NP10 postcode district. The below map shows the position of No. 22 on SPRINGFIELD LANE.