38, CROSS LANE, NEWPORT, PO30 2JL - £175,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

38 CROSS LANE is a small semi-detached house of 77m², built sometime between 1983 and 1990, which could now be worth an estimated £211,289. It was last sold for £175,000 in October 2020, which was around 26% below the average October 2020 semi-detached price in the Isle of Wight local authority area. The most recent EPC inspection was July 2020, where the current energy rating was C, and the potential energy rating was B.

38 CROSS LANE Sold Prices

Land registry data shows three sales for 38 CROSS LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Isle of Wight local authority area for the corresponding sale date. All of the three 38 CROSS LANE 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
2020 30 OCT	£175,000	£236,192	26% below HPI
1999 13 APR	£56,500	£61,825	9% below HPI
1998 7 APR	£48,000	£54,432	12% below HPI

38 CROSS LANE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Isle of Wight local authority area over time, sourced from the HPI. The three 38 CROSS LANE sales between April 1998 and October 2020 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 April 1999 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the October 2020 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 38 CROSS LANE be worth now?

38 CROSS LANE might now be worth an estimated £211,289.

This is based on house price inflation of 20.7%, between October 2020 and February 2025, for semi-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 20.7% inflationary increase is applied to the most recent sale price for 38 CROSS LANE of £175,000 on 30th October 2020. For the value to have increased from £175,000 to £211,289 over the five years and eight months to February 2025, the following assumptions must hold true:

• The value of 38 CROSS LANE has moved in line with the HPI for semi-detached houses in the Isle of Wight local authority area.
• The October 2020 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of 38 CROSS LANE has not materially changed since October 2020.

How Large is 38 CROSS LANE?

38 CROSS LANE is 77m² according to the EPC inspection conducted in July 2020. This puts it in the smallest 30% of semi-detached houses houses in Newport, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Newport, and where 38 CROSS LANE lies on this distribution: 23% of semi-detached houses houses are smaller than 38 CROSS LANE, and 76% of houses are larger. Note that EPC data is not available for all properties in Newport.

38 CROSS LANE: Plot and Title Map

38 CROSS LANE sits on a plot of roughly 0.028 of an acre, or 115m². The below map shows the location of 38 CROSS 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 38 CROSS 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 38 CROSS LANE?

38 CROSS LANE is located in NEWPORT, in the PO30 postcode district. The below map shows the position of No. 38 on CROSS LANE.