FERNLEA, BUCKBURY LANE, NEWPORT, PO30 2NJ - £534,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

FERNLEA is a very large extended property of 250m², built sometime between 1900 and 1929. It was last sold for £534,000 in June 2023, which was around 24% above the average June 2023 detached price in the Isle of Wight local authority area. The most recent EPC inspection was October 2021, where the current energy rating was C, and the potential energy rating was C.

FERNLEA Sold Prices

Land registry data shows three sales for FERNLEA since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. All of the three FERNLEA sales were for above 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
2023 30 JUN	£534,000	£429,262	24% above HPI
2013 4 SEP	£320,000	£255,877	25% above HPI
2006 27 JUN	£320,000	£246,936	30% above HPI

FERNLEA 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 three FERNLEA sales between June 2006 and June 2023 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 September 2013 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the June 2023 sale, where it falls to 24% above the HPI. The line then continues to track at 24% above the HPI.

How Large is FERNLEA?

FERNLEA is 250m², which includes two extensions, according to the EPC inspection conducted in October 2021. This puts it in the largest 10% of detached houses in Newport, based on EPC data. The below chart shows the distribution of detached houses by size in Newport, and where FERNLEA lies on this distribution: 98% of detached houses are smaller than FERNLEA, and 2% of houses are larger. Note that EPC data is not available for all properties in Newport.

FERNLEA: Plot and Title Map

FERNLEA sits on a plot of roughly 1.4 acres, or 5,494m². The below map shows the location of FERNLEA, 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 FERNLEA). 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 FERNLEA?

FERNLEA is located on BUCKBURY LANE in NEWPORT, in the PO30 postcode district. The below map shows the position of FERNLEA on BUCKBURY LANE.