FAIRVIEW, LLANIDLOES ROAD, NEWTOWN, SY16 1EP - £205,000

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.

FAIRVIEW is a very small detached house of 72m², built sometime between 1950 and 1966, which could now be worth an estimated £267,501. It was last sold for £205,000 in February 2020, which was around 17% below the average February 2020 detached price in the Powys local authority area. The most recent EPC inspection was March 2015, where the current energy rating was C, and the potential energy rating was B.

FAIRVIEW Sold Prices

Land registry data shows two sales for FAIRVIEW since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Powys local authority area for the corresponding sale date. Both of the two FAIRVIEW 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 20 FEB	£205,000	£248,076	17% below HPI
2015 24 JUN	£180,000	£212,073	15% below HPI

FAIRVIEW Price Paid vs. HPI Average

The below graph shows the average detached house price in the Powys local authority area over time, sourced from the HPI. The two FAIRVIEW sales from June 2015 and February 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 June 2015 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the February 2020 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might FAIRVIEW be worth now?

FAIRVIEW might now be worth an estimated £267,501.

This is based on house price inflation of 30.5%, between February 2020 and February 2025, for detached houses, in the Powys local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 30.5% inflationary increase is applied to the most recent sale price for FAIRVIEW of £205,000 on 20th February 2020. For the value to have increased from £205,000 to £267,501 over the five years to February 2025, the following assumptions must hold true:

• The value of FAIRVIEW has moved in line with the HPI for detached houses in the Powys local authority area.
• The February 2020 sale price of £205,000 represented a fair market value for the property.
• The size, condition, and specification of FAIRVIEW has not materially changed since February 2020.

How Large is FAIRVIEW?

FAIRVIEW is 72m² according to the EPC inspection conducted in March 2015. This puts it in the smallest 20% of detached houses houses in Newtown, based on EPC data. The below chart shows the distribution of detached houses houses by size in Newtown, and where FAIRVIEW lies on this distribution: 11% of detached houses houses are smaller than FAIRVIEW, and 89% of houses are larger. Note that EPC data is not available for all properties in Newtown.

FAIRVIEW: Plot and Title Map

FAIRVIEW sits on a plot of roughly 0.115 of an acre, or 465m². The below map shows the location of FAIRVIEW, 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 FAIRVIEW). 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 FAIRVIEW?

FAIRVIEW is located on LLANIDLOES ROAD in NEWTOWN, in the SY16 postcode district. The below map shows the position of FAIRVIEW on LLANIDLOES ROAD.