38, NORBROOM DRIVE, NEWPORT, TF10 7TD - £275,000

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

38 NORBROOM DRIVE is a very small detached house of 83m², built sometime between 1967 and 1975. It was last sold for £275,000 in October 2023, which was around 19% below the average October 2023 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was November 2014, where the current energy rating was D, and the potential energy rating was B.

38 NORBROOM DRIVE Sold Prices

Land registry data shows three sales for 38 NORBROOM 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 Telford and Wrekin local authority area for the corresponding sale date. All of the three 38 NORBROOM 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
2023 11 OCT	£275,000	£341,155	19% below HPI
2021 16 JUN	£240,000	£298,294	20% below HPI
2015 30 JUN	£176,000	£222,725	21% below HPI

38 NORBROOM DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Telford and Wrekin local authority area over time, sourced from the HPI. The three 38 NORBROOM DRIVE sales between June 2015 and October 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 June 2021 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the October 2023 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 38 NORBROOM DRIVE?

38 NORBROOM DRIVE is 83m² according to the EPC inspection conducted in November 2014. 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 38 NORBROOM DRIVE lies on this distribution: 17% of detached houses are smaller than 38 NORBROOM DRIVE, and 83% of houses are larger. Note that EPC data is not available for all properties in Newport.

38 NORBROOM DRIVE: Plot and Title Map

38 NORBROOM DRIVE sits on a plot of roughly 0.065 of an acre, or 264m². The below map shows the location of 38 NORBROOM 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 38 NORBROOM 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 38 NORBROOM DRIVE?

38 NORBROOM DRIVE is located in NEWPORT, in the TF10 postcode district. The below map shows the position of No. 38 on NORBROOM DRIVE.