5, LARK RISE, NEWPORT, PO30 5YJ - £375,000

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

5 LARK RISE is a midsized detached house of 92m², built sometime between 1983 and 1990. It was last sold for £375,000 in December 2021, which was around 7% below the average December 2021 detached price in the Isle of Wight local authority area. The most recent EPC inspection was March 2014, where the current energy rating was D, and the potential energy rating was B.

5 LARK RISE Sold Prices

Land registry data shows four sales for 5 LARK RISE since 1^st 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 5 LARK RISE 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
2021 10 DEC	£375,000	£402,556	7% below HPI
2014 4 DEC	£245,000	£269,910	9% below HPI
2005 11 FEB	£228,000	£238,248	4% below HPI
2002 5 JUN	£154,000	£162,028	5% below HPI

5 LARK RISE 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 four 5 LARK RISE sales between June 2002 and December 2021 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 December 2014 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the December 2021 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is 5 LARK RISE?

5 LARK RISE is 92m² according to the EPC inspection conducted in March 2014. This puts it in the smallest 50% of detached houses in Newport, based on EPC data. The below chart shows the distribution of detached houses by size in Newport, and where 5 LARK RISE lies on this distribution: 43% of detached houses are smaller than 5 LARK RISE, and 56% of houses are larger. Note that EPC data is not available for all properties in Newport.

5 LARK RISE: Plot and Title Map

5 LARK RISE sits on a plot of roughly 0.095 of an acre, or 384m². The below map shows the location of 5 LARK RISE, 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 5 LARK RISE). 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 5 LARK RISE?

5 LARK RISE is located in NEWPORT, in the PO30 postcode district. The below map shows the position of No. 5 on LARK RISE.