241, ELM DRIVE, RISCA, NEWPORT, NP11 6PP - £180,000

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

241 ELM DRIVE is a small semi-detached house of 85m², built sometime between 1950 and 1966. It was last sold for £180,000 in September 2022, which was around 40% below the average September 2022 detached price in the Caerphilly local authority area. The most recent EPC inspection was August 2022, where the current energy rating was C, and the potential energy rating was B.

241 ELM DRIVE Sold Prices

Land registry data shows three sales for 241 ELM DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Caerphilly local authority area for the corresponding sale date. All of the three 241 ELM DRIVE 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
2022 15 SEP	£180,000	£298,705	40% below HPI
2013 6 AUG	£94,000	£172,836	46% below HPI
2007 26 JAN	£101,500	£180,404	44% below HPI

241 ELM DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Caerphilly local authority area over time, sourced from the HPI. The three 241 ELM DRIVE sales between January 2007 and September 2022 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 2013 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the September 2022 sale, where it rises to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is 241 ELM DRIVE?

241 ELM DRIVE is 85m² according to the EPC inspection conducted in August 2022. This puts it in the smallest 30% of detached houses in Risca, based on EPC data. The below chart shows the distribution of detached houses by size in Risca, and where 241 ELM DRIVE lies on this distribution: 24% of detached houses are smaller than 241 ELM DRIVE, and 73% of houses are larger. Note that EPC data is not available for all properties in Risca.

241 ELM DRIVE: Plot and Title Map

241 ELM DRIVE sits on a plot of roughly 0.062 of an acre, or 252m². The below map shows the location of 241 ELM DRIVE, 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 241 ELM DRIVE). 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 241 ELM DRIVE?

241 ELM DRIVE is located in RISCA, in the NP11 postcode district. The below map shows the position of No. 241 on ELM DRIVE.