4, REDWOOD CLOSE, NEWPORT, PO30 5RT - £260,000

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

4 REDWOOD CLOSE is a midsized extended detached house of 102m², built sometime between 1996 and 2002, which could now be worth an estimated £368,087. It was last sold for £260,000 in December 2016, which was around 8% below the average December 2016 detached price in the Isle of Wight local authority area. The most recent EPC inspection was September 2015, where the current energy rating was D, and the potential energy rating was B.

4 REDWOOD CLOSE Sold Prices

Land registry data shows two sales for 4 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 4 REDWOOD 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
2016 9 DEC	£260,000	£283,300	8% below HPI
2001 30 NOV	£139,950	£142,971	2% below HPI

4 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 4 REDWOOD CLOSE sales from November 2001 and December 2016 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 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the December 2016 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 4 REDWOOD CLOSE be worth now?

4 REDWOOD CLOSE might now be worth an estimated £368,087.

This is based on house price inflation of 41.6%, between December 2016 and December 2024, for detached houses, in the Isle of Wight local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 41.6% inflationary increase is applied to the most recent sale price for 4 REDWOOD CLOSE of £260,000 on 9th December 2016. For the value to have increased from £260,000 to £368,087 over the eight years to December 2024, the following assumptions must hold true:

• The value of 4 REDWOOD CLOSE has moved in line with the HPI for detached houses in the Isle of Wight local authority area.
• The December 2016 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of 4 REDWOOD CLOSE has not materially changed since December 2016.

How Large is 4 REDWOOD CLOSE?

4 REDWOOD CLOSE is 102m², which includes one extension, according to the EPC inspection conducted in September 2015. This puts it in the largest 50% of detached houses houses in Newport, based on EPC data. The below chart shows the distribution of detached houses houses by size in Newport, and where 4 REDWOOD CLOSE lies on this distribution: 58% of detached houses houses are smaller than 4 REDWOOD CLOSE, and 41% of houses are larger. Note that EPC data is not available for all properties in Newport.

4 REDWOOD CLOSE: Plot and Title Map

4 REDWOOD CLOSE sits on a plot of roughly 0.074 of an acre, or 299m². The below map shows the location of 4 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 4 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 4 REDWOOD CLOSE?

4 REDWOOD CLOSE is located in NEWPORT, in the PO30 postcode district. The below map shows the position of No. 4 on REDWOOD CLOSE.