242, THE HIGHWAY, NEW INN, PONTYPOOL, NP4 0QY - £205,000

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

242 THE HIGHWAY is a very small extended detached house of 86m², built sometime between 1983 and 1990. It was last sold for £205,000 in January 2017, which was around 6% below the average January 2017 detached price in the Torfaen local authority area. The most recent EPC inspection was March 2016, where the current energy rating was D, and the potential energy rating was C.

242 THE HIGHWAY Sold Prices

Land registry data shows two sales for 242 THE HIGHWAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Torfaen local authority area for the corresponding sale date. Both of the two 242 THE HIGHWAY 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
2017 27 JAN	£205,000	£218,561	6% below HPI
2007 24 MAY	£159,950	£213,182	25% below HPI

242 THE HIGHWAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Torfaen local authority area over time, sourced from the HPI. The two 242 THE HIGHWAY sales from May 2007 and January 2017 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 May 2007 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the January 2017 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is 242 THE HIGHWAY?

242 THE HIGHWAY is 86m², which includes one extension, according to the EPC inspection conducted in March 2016. This puts it in the smallest 20% of detached houses in Pontypool, based on EPC data. The below chart shows the distribution of detached houses by size in Pontypool, and where 242 THE HIGHWAY lies on this distribution: 10% of detached houses are smaller than 242 THE HIGHWAY, and 89% of houses are larger. Note that EPC data is not available for all properties in Pontypool.

242 THE HIGHWAY: Plot and Title Map

242 THE HIGHWAY sits on a plot of roughly 0.144 of an acre, or 584m². The below map shows the location of 242 THE HIGHWAY, 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 242 THE HIGHWAY). 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 242 THE HIGHWAY?

242 THE HIGHWAY is located in NEW INN, in the NP4 postcode district. The below map shows the position of No. 242 on THE HIGHWAY.