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

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

24 MILLFIELD ROAD is a very small detached house of 70m², built sometime between 1950 and 1966. It was last sold for £275,000 in May 2023, which was around 36% 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	£428,324	36% below HPI
2006 14 JUL	£205,000	£247,337	17% 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 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the May 2023 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

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 in Newport, based on EPC data. The below chart shows the distribution of detached houses by size in Newport, and where 24 MILLFIELD ROAD lies on this distribution: 13% of detached 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.