24, MILLFIELD ROAD, NEWPORT, PO30 5RH - £275,000

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.

24 MILLFIELD ROAD is a very small detached house of 70m², built sometime between 1950 and 1966, which could now be worth an estimated £266,948. It was last sold for £275,000 in May 2023, which was around 34% below the average May 2023 detached price in the Isle of Wight local authority area. The most recent EPC inspection was February 2023, where the current energy rating was D, and the potential energy rating was B.

24 MILLFIELD ROAD Sold Prices

Land registry data shows two sales for 24 MILLFIELD ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. Both of the two 24 MILLFIELD ROAD 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 23 MAY	£275,000	£419,396	34% below HPI
2006 14 JUL	£205,000	£242,181	15% below HPI

24 MILLFIELD ROAD 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 two 24 MILLFIELD ROAD sales from July 2006 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 July 2006 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the May 2023 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 24 MILLFIELD ROAD be worth now?

24 MILLFIELD ROAD might now be worth an estimated £266,948.

This is based on house price deflation of 2.9%, between May 2023 and February 2025, for detached houses, in the Isle of Wight local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.9% deflationary decrease is applied to the most recent sale price for 24 MILLFIELD ROAD of £275,000 on 23rd May 2023. For the value to have decreased from £275,000 to £266,948 over the two years and three months to February 2025, the following assumptions must hold true:

• The value of 24 MILLFIELD ROAD has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The May 2023 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 24 MILLFIELD ROAD has not materially changed since May 2023.

How Large is 24 MILLFIELD ROAD?

24 MILLFIELD ROAD is 70m² according to the EPC inspection conducted in February 2023. This puts it in the smallest 20% of detached houses houses in Newport, based on EPC data. The below chart shows the distribution of detached houses houses by size in Newport, and where 24 MILLFIELD ROAD lies on this distribution: 13% of detached houses houses are smaller than 24 MILLFIELD ROAD, and 85% of houses are larger. Note that EPC data is not available for all properties in Newport.

24 MILLFIELD ROAD: Plot and Title Map

24 MILLFIELD ROAD sits on a plot of roughly 0.101 of an acre, or 407m². The below map shows the location of 24 MILLFIELD ROAD, 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 MILLFIELD ROAD). 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 MILLFIELD ROAD?

24 MILLFIELD ROAD is located in NEWPORT, in the PO30 postcode district. The below map shows the position of No. 24 on MILLFIELD ROAD.