2, CANAL CLOSE, NEWTOWN, SY16 2HG - £165,000

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.

2 CANAL CLOSE is a small detached house of 86m², built sometime between 2003 and 2006, which could now be worth an estimated £171,995. It was last sold for £165,000 in May 2023, which was around 47% below the average May 2023 detached price in the Powys local authority area. The most recent EPC inspection was March 2023, where the current energy rating was C, and the potential energy rating was B.

2 CANAL CLOSE Sold Prices

Land registry data shows two sales for 2 CANAL CLOSE 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 2 CANAL CLOSE 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
2023 30 MAY	£165,000	£310,544	47% below HPI
2008 3 APR	£124,000	£202,542	39% below HPI

2 CANAL CLOSE 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 2 CANAL CLOSE sales from April 2008 and May 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 April 2008 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the May 2023 sale, where it falls to 47% below the HPI. The line then continues to track at 47% below the HPI.

What might 2 CANAL CLOSE be worth now?

2 CANAL CLOSE might now be worth an estimated £171,995.

This is based on house price inflation of 4.2%, between May 2023 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 4.2% inflationary increase is applied to the most recent sale price for 2 CANAL CLOSE of £165,000 on 30th May 2023. For the value to have increased from £165,000 to £171,995 over the two years and three months to February 2025, the following assumptions must hold true:

• The value of 2 CANAL CLOSE has moved in line with the HPI for detached houses in the Powys local authority area.
• The May 2023 sale price of £165,000 represented a fair market value for the property.
• The size, condition, and specification of 2 CANAL CLOSE has not materially changed since May 2023.

How Large is 2 CANAL CLOSE?

2 CANAL CLOSE is 86m² according to the EPC inspection conducted in March 2023. This puts it in the smallest 30% 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 2 CANAL CLOSE lies on this distribution: 29% of detached houses houses are smaller than 2 CANAL CLOSE, and 71% of houses are larger. Note that EPC data is not available for all properties in Newtown.

2 CANAL CLOSE: Plot and Title Map

2 CANAL CLOSE sits on a plot of roughly 0.028 of an acre, or 112m². The below map shows the location of 2 CANAL 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 2 CANAL 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 2 CANAL CLOSE?

2 CANAL CLOSE is located in NEWTOWN, in the SY16 postcode district. The below map shows the position of No. 2 on CANAL CLOSE.