3, REDWOOD CLOSE, NEWPORT, PO30 5RT - £420,000

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

3 REDWOOD CLOSE is a large extended detached house of 124m², built sometime between 1996 and 2002. It was last sold for £420,000 in April 2024, which was around 5% above the average April 2024 detached price in the Isle of Wight local authority area. The most recent EPC inspection was August 2023, where the current energy rating was C, and the potential energy rating was B.

3 REDWOOD CLOSE Sold Prices

Land registry data shows two sales for 3 REDWOOD 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 Isle of Wight local authority area for the corresponding sale date. Both of the two 3 REDWOOD CLOSE sales were for above 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
2024 18 APR	£420,000	£398,623	5% above HPI
2001 30 NOV	£149,950	£146,015	3% above HPI

3 REDWOOD CLOSE 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 3 REDWOOD CLOSE sales from November 2001 and April 2024 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 November 2001 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the April 2024 sale, where it rises to 5% above the HPI. The line then continues to track at 5% above the HPI.

How Large is 3 REDWOOD CLOSE?

3 REDWOOD CLOSE is 124m², which includes one extension, according to the EPC inspection conducted in August 2023. This puts it in the largest 30% of detached houses in Newport, based on EPC data. The below chart shows the distribution of detached houses by size in Newport, and where 3 REDWOOD CLOSE lies on this distribution: 76% of detached houses are smaller than 3 REDWOOD CLOSE, and 24% of houses are larger. Note that EPC data is not available for all properties in Newport.

3 REDWOOD CLOSE: Plot and Title Map

3 REDWOOD CLOSE sits on a plot of roughly 0.099 of an acre, or 401m². The below map shows the location of 3 REDWOOD 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 REDWOOD 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 REDWOOD CLOSE?

3 REDWOOD CLOSE is located in NEWPORT, in the PO30 postcode district. The below map shows the position of No. 3 on REDWOOD CLOSE.