3, OAK ROAD, NEWPORT, PO30 2JY - £183,500

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

3 OAK ROAD is a very small detached house of 61m², built sometime between 1967 and 1975, which could now be worth an estimated £255,824. It was last sold for £183,500 in August 2016, which was around 36% below the average August 2016 detached price in the Isle of Wight local authority area. The most recent EPC inspection was February 2013, where the current energy rating was E, and the potential energy rating was B.

3 OAK ROAD Sold Prices

Land registry data shows two sales for 3 OAK ROAD 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 3 OAK 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
2016 22 AUG	£183,500	£287,686	36% below HPI
2013 26 JUL	£65,000	£249,151	74% below HPI

3 OAK 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 two 3 OAK ROAD sales from July 2013 and August 2016 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 2013 sale was for 74% below the HPI. So the extrapolation line tracks at 74% below the HPI over time, until the August 2016 sale, where it rises to 36% below the HPI. The line then continues to track at 36% below the HPI.

What might 3 OAK ROAD be worth now?

3 OAK ROAD might now be worth an estimated £255,824.

This is based on house price inflation of 39.4%, between August 2016 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 39.4% inflationary increase is applied to the most recent sale price for 3 OAK ROAD of £183,500 on 22nd August 2016. For the value to have increased from £183,500 to £255,824 over the seven years and eight months to December 2024, the following assumptions must hold true:

• The value of 3 OAK ROAD has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The August 2016 sale price of £183,500 represented a fair market value for the property.
• The size, condition, and specification of 3 OAK ROAD has not materially changed since August 2016.

How Large is 3 OAK ROAD?

3 OAK ROAD is 61m² according to the EPC inspection conducted in February 2013. This puts it in the smallest 10% 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 3 OAK ROAD lies on this distribution: 5% of detached houses houses are smaller than 3 OAK ROAD, and 95% of houses are larger. Note that EPC data is not available for all properties in Newport.

3 OAK ROAD: Plot and Title Map

3 OAK ROAD sits on a plot of roughly 0.107 of an acre, or 432m². The below map shows the location of 3 OAK 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 3 OAK 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 3 OAK ROAD?

3 OAK ROAD is located in NEWPORT, in the PO30 postcode district. The below map shows the position of No. 3 on OAK ROAD.