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
38 WHITESMITH ROAD is a small extended detached house of 75m², built sometime between 1950 and 1966. It was last sold for £260,000 in August 2022, which was around 39% below the average August 2022 detached price in the Isle of Wight local authority area. The most recent EPC inspection was February 2022, where the current energy rating was C, and the potential energy rating was B.
Land registry data shows four sales for 38 WHITESMITH ROAD since 1st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. All of the four 38 WHITESMITH 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 |
---|---|---|---|
2022 12 AUG | £260,000 | £425,763 | 39% below HPI |
2017 23 MAR | £179,950 | £299,115 | 40% below HPI |
1999 23 JUL | £76,500 | £98,055 | 22% below HPI |
1997 31 JAN | £48,000 | £72,912 | 34% below HPI |
The below graph shows the average detached house price in the Isle of Wight local authority area over time, sourced from the HPI. The four 38 WHITESMITH ROAD sales between January 1997 and August 2022 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 March 2017 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the August 2022 sale, where it rises to 39% below the HPI. The line then continues to track at 39% below the HPI.
38 WHITESMITH ROAD is 75m², which includes one extension, according to the EPC inspection conducted in February 2022. This puts it in the smallest 30% of detached houses in Newport, based on EPC data. The below chart shows the distribution of detached houses by size in Newport, and where 38 WHITESMITH ROAD lies on this distribution: 21% of detached houses are smaller than 38 WHITESMITH ROAD, and 78% of houses are larger. Note that EPC data is not available for all properties in Newport.
38 WHITESMITH ROAD sits on a plot of roughly 0.088 of an acre, or 355m². The below map shows the location of 38 WHITESMITH 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 38 WHITESMITH 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.
38 WHITESMITH ROAD is located in NEWPORT, in the PO30 postcode district. The below map shows the position of No. 38 on WHITESMITH ROAD.