2, FAIROAK GROVE, BASSALEG, NEWPORT, NP10 8JH - £258,000

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

2 FAIROAK GROVE is a small detached house of 100m², built sometime between 1976 and 1982. It was last sold for £258,000 in December 2020, which was around 23% below the average December 2020 detached price in the Newport local authority area. The most recent EPC inspection was October 2020, where the current energy rating was D, and the potential energy rating was B.

2 FAIROAK GROVE Sold Prices

Land registry data shows two sales for 2 FAIROAK GROVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Newport local authority area for the corresponding sale date. Both of the two 2 FAIROAK GROVE 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 21 DEC	£258,000	£335,681	23% below HPI
2004 11 AUG	£205,000	£208,320	2% below HPI

2 FAIROAK GROVE 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 two 2 FAIROAK GROVE sales from August 2004 and December 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 August 2004 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the December 2020 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 2 FAIROAK GROVE?

2 FAIROAK GROVE is 100m² according to the EPC inspection conducted in October 2020. This puts it in the smallest 40% of detached houses in Newport, based on EPC data. The below chart shows the distribution of detached houses by size in Newport, and where 2 FAIROAK GROVE lies on this distribution: 31% of detached houses are smaller than 2 FAIROAK GROVE, and 68% of houses are larger. Note that EPC data is not available for all properties in Newport.

2 FAIROAK GROVE: Plot and Title Map

2 FAIROAK GROVE sits on a plot of roughly 0.087 of an acre, or 352m². The below map shows the location of 2 FAIROAK GROVE, 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 FAIROAK GROVE). 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 FAIROAK GROVE?

2 FAIROAK GROVE is located in BASSALEG, in the NP10 postcode district. The below map shows the position of No. 2 on FAIROAK GROVE.