2, MILNE WAY, NEWPORT, PO30 1YF - £182,500

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

2 MILNE WAY is a large extended detached house of 113m², built sometime between 1967 and 1975. It was last sold for £182,500 in April 2009, which was around 21% below the average April 2009 detached price in the Isle of Wight local authority area. The most recent EPC inspection was October 2008, where the current energy rating was C, and the potential energy rating was C.

2 MILNE WAY Sold Prices

Land registry data shows three sales for 2 MILNE WAY 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 2 MILNE WAY 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
2009 3 APR	£182,500	£230,871	21% below HPI
2000 28 JUL	£122,500	£123,462	1% below HPI
1997 16 JAN	£67,000	£72,912	8% below HPI

2 MILNE WAY 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 2 MILNE WAY sales between January 1997 and April 2009 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 July 2000 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the April 2009 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 2 MILNE WAY?

2 MILNE WAY is 113m², which includes one extension, according to the EPC inspection conducted in October 2008. This puts it in the largest 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 MILNE WAY lies on this distribution: 67% of detached houses are smaller than 2 MILNE WAY, and 33% of houses are larger. Note that EPC data is not available for all properties in Newport.

2 MILNE WAY: Plot and Title Map

2 MILNE WAY sits on a plot of roughly 0.171 of an acre, or 694m². The below map shows the location of 2 MILNE WAY, 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 MILNE WAY). 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 MILNE WAY?

2 MILNE WAY is located in NEWPORT, in the PO30 postcode district. The below map shows the position of No. 2 on MILNE WAY.