1, TRAM ROAD, CAERLEON, NEWPORT, NP18 1BZ - £243,000

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

1 TRAM ROAD is a very small extended semi-detached house of 70m², built sometime between 1900 and 1929. It was last sold for £243,000 in January 2024, which was around 37% below the average January 2024 detached price in the Newport local authority area. The most recent EPC inspection was February 2022, where the current energy rating was D, and the potential energy rating was B.

1 TRAM ROAD Sold Prices

Land registry data shows five sales for 1 TRAM ROAD since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Newport local authority area for the corresponding sale date. Most of the five 1 TRAM 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
2024 25 JAN	£243,000	£385,703	37% below HPI
2023 29 AUG	£383,500	£390,482	2% below HPI
2016 30 SEP	£250,000	£254,696	2% below HPI
2012 3 AUG	£245,000	£218,084	12% above HPI
1995 25 AUG	£64,000	£81,545	22% below HPI

1 TRAM ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Newport local authority area over time, sourced from the HPI. The five 1 TRAM ROAD sales between August 1995 and January 2024 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 August 2023 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the January 2024 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is 1 TRAM ROAD?

1 TRAM ROAD is 70m², which includes one extension, according to the EPC inspection conducted in February 2022. This puts it in the smallest 10% of detached houses in Caerleon, based on EPC data. The below chart shows the distribution of detached houses by size in Caerleon, and where 1 TRAM ROAD lies on this distribution: 4% of detached houses are smaller than 1 TRAM ROAD, and 95% of houses are larger. Note that EPC data is not available for all properties in Caerleon.

1 TRAM ROAD: Plot and Title Map

1 TRAM ROAD sits on a plot of roughly 0.115 of an acre, or 466m². The below map shows the location of 1 TRAM 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 1 TRAM 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.

Where is 1 TRAM ROAD?

1 TRAM ROAD is located in CAERLEON, in the NP18 postcode district. The below map shows the position of No. 1 on TRAM ROAD.