24, GROSMONT WAY, NEWPORT, NP10 8UQ - £290,000

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

24 GROSMONT WAY is a small extended detached house of 107m², built sometime between 1996 and 2002. It was last sold for £290,000 in October 2023, which was around 25% below the average October 2023 detached price in the Newport local authority area. The most recent EPC inspection was December 2020, where the current energy rating was D, and the potential energy rating was B.

24 GROSMONT WAY Sold Prices

Land registry data shows two sales for 24 GROSMONT WAY 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. One of the two 24 GROSMONT WAY sales was for below the average price, whilst the other 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
2023 13 OCT	£290,000	£386,966	25% below HPI
2000 2 JUN	£117,995	£105,848	11% above HPI

24 GROSMONT WAY 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 24 GROSMONT WAY sales from June 2000 and October 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 June 2000 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the October 2023 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 24 GROSMONT WAY?

24 GROSMONT WAY is 107m², which includes one extension, according to the EPC inspection conducted in December 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 24 GROSMONT WAY lies on this distribution: 37% of detached houses are smaller than 24 GROSMONT WAY, and 61% of houses are larger. Note that EPC data is not available for all properties in Newport.

24 GROSMONT WAY: Plot and Title Map

24 GROSMONT WAY sits on a plot of roughly 0.069 of an acre, or 280m². The below map shows the location of 24 GROSMONT 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 24 GROSMONT 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 24 GROSMONT WAY?

24 GROSMONT WAY is located in NEWPORT, in the NP10 postcode district. The below map shows the position of No. 24 on GROSMONT WAY.