13, MERE CLOSE, NEWPORT, TF10 7SL - £198,000

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

13 MERE CLOSE is a small extended detached house of 93m², built sometime between 1967 and 1975. It was last sold for £198,000 in January 2015, which was around 10% below the average January 2015 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was November 2014, where the current energy rating was D, and the potential energy rating was B.

13 MERE CLOSE Sold Prices

Land registry data shows three sales for 13 MERE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Telford and Wrekin local authority area for the corresponding sale date. Two of the three 13 MERE CLOSE sales were for below the average price, whilst one was 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
2015 30 JAN	£198,000	£219,899	10% below HPI
1997 24 JAN	£68,500	£73,954	7% below HPI
1996 15 NOV	£76,000	£73,850	3% above HPI

13 MERE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Telford and Wrekin local authority area over time, sourced from the HPI. The three 13 MERE CLOSE sales between November 1996 and January 2015 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 January 1997 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the January 2015 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 13 MERE CLOSE?

13 MERE CLOSE is 93m², which includes one extension, according to the EPC inspection conducted in November 2014. 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 13 MERE CLOSE lies on this distribution: 27% of detached houses are smaller than 13 MERE CLOSE, and 71% of houses are larger. Note that EPC data is not available for all properties in Newport.

13 MERE CLOSE: Plot and Title Map

13 MERE CLOSE sits on a plot of roughly 0.152 of an acre, or 616m². The below map shows the location of 13 MERE CLOSE, 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 13 MERE CLOSE). 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 13 MERE CLOSE?

13 MERE CLOSE is located in NEWPORT, in the TF10 postcode district. The below map shows the position of No. 13 on MERE CLOSE.