3, OWEN CLOSE, CAERLEON, NEWPORT, NP18 3TH - £205,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

3 OWEN CLOSE is a small detached house of 103m², built sometime between 1983 and 1990, which could now be worth an estimated £357,804. It was last sold for £205,000 in November 2004, which was around 7% below the average November 2004 detached price in the Newport local authority area. The most recent EPC inspection was July 2011, where the current energy rating was D, and the potential energy rating was C.

3 OWEN CLOSE Sold Prices

Land registry data shows two sales for 3 OWEN CLOSE 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. Both of the two 3 OWEN CLOSE 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
2004 12 NOV	£205,000	£221,255	7% below HPI
2002 1 MAY	£130,000	£131,325	1% below HPI

3 OWEN CLOSE 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 3 OWEN CLOSE sales from May 2002 and November 2004 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 2002 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the November 2004 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might 3 OWEN CLOSE be worth now?

3 OWEN CLOSE might now be worth an estimated £357,804.

This is based on house price inflation of 74.5%, between November 2004 and December 2024, for detached houses, in the Newport local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 74.5% inflationary increase is applied to the most recent sale price for 3 OWEN CLOSE of £205,000 on 12th November 2004. For the value to have increased from £205,000 to £357,804 over the nineteen years and eleven months to December 2024, the following assumptions must hold true:

• The value of 3 OWEN CLOSE has moved in line with the HPI for detached houses in the Newport local authority area.
• The November 2004 sale price of £205,000 represented a fair market value for the property.
• The size, condition, and specification of 3 OWEN CLOSE has not materially changed since November 2004.

How Large is 3 OWEN CLOSE?

3 OWEN CLOSE is 103m² according to the EPC inspection conducted in July 2011. This puts it in the smallest 40% of detached houses houses in Caerleon, based on EPC data. The below chart shows the distribution of detached houses houses by size in Caerleon, and where 3 OWEN CLOSE lies on this distribution: 31% of detached houses houses are smaller than 3 OWEN CLOSE, and 69% of houses are larger. Note that EPC data is not available for all properties in Caerleon.

3 OWEN CLOSE: Plot and Title Map

3 OWEN CLOSE sits on a plot of roughly 0.094 of an acre, or 382m². The below map shows the location of 3 OWEN CLOSE, 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 3 OWEN CLOSE). 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 3 OWEN CLOSE?

3 OWEN CLOSE is located in CAERLEON, in the NP18 postcode district. The below map shows the position of No. 3 on OWEN CLOSE.