48, ROMAN REACH, CAERLEON, NEWPORT, NP18 3SQ - £250,000

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

48 ROMAN REACH is a small extended detached house of 94m², built sometime between 1967 and 1975. It was last sold for £250,000 in October 2020, which was around 24% below the average October 2020 detached price in the Newport local authority area. The most recent EPC inspection was July 2014, where the current energy rating was D, and the potential energy rating was B.

48 ROMAN REACH Sold Prices

Land registry data shows two sales for 48 ROMAN REACH 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 48 ROMAN REACH 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
2020 2 OCT	£250,000	£328,535	24% below HPI
2017 24 JUL	£188,000	£264,684	29% below HPI

48 ROMAN REACH 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 48 ROMAN REACH sales from July 2017 and October 2020 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 July 2017 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the October 2020 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 48 ROMAN REACH?

48 ROMAN REACH is 94m², which includes one extension, according to the EPC inspection conducted in July 2014. This puts it in the smallest 30% of detached houses in Caerleon, based on EPC data. The below chart shows the distribution of detached houses by size in Caerleon, and where 48 ROMAN REACH lies on this distribution: 20% of detached houses are smaller than 48 ROMAN REACH, and 79% of houses are larger. Note that EPC data is not available for all properties in Caerleon.

48 ROMAN REACH: Plot and Title Map

48 ROMAN REACH sits on a plot of roughly 0.073 of an acre, or 297m². The below map shows the location of 48 ROMAN REACH, 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 48 ROMAN REACH). 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 48 ROMAN REACH?

48 ROMAN REACH is located in CAERLEON, in the NP18 postcode district. The below map shows the position of No. 48 on ROMAN REACH.