5, RUSSET CLOSE, LANGSTONE, NEWPORT, NP18 2BQ - £314,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

5 RUSSET CLOSE is a small extended detached house of 100m², built sometime between 1991 and 1995. It was last sold for £314,000 in August 2015, which was around 32% above the average August 2015 detached price in the Newport local authority area. The most recent EPC inspection was October 2014, where the current energy rating was C, and the potential energy rating was B.

5 RUSSET CLOSE Sold Prices

Land registry data shows four sales for 5 RUSSET CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Newport local authority area for the corresponding sale date. Most of the four 5 RUSSET 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
2015 3 AUG	£314,000	£237,377	32% above HPI
2004 10 SEP	£238,500	£215,145	11% above HPI
2001 30 MAR	£113,000	£116,447	3% below HPI
1996 19 JUL	£100,000	£82,859	21% above HPI

5 RUSSET 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 four 5 RUSSET CLOSE sales between July 1996 and August 2015 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 September 2004 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the August 2015 sale, where it rises to 32% above the HPI. The line then continues to track at 32% above the HPI.

How Large is 5 RUSSET CLOSE?

5 RUSSET CLOSE is 100m², which includes one extension, according to the EPC inspection conducted in October 2014. This puts it in the smallest 30% of detached houses in Langstone, based on EPC data. The below chart shows the distribution of detached houses by size in Langstone, and where 5 RUSSET CLOSE lies on this distribution: 23% of detached houses are smaller than 5 RUSSET CLOSE, and 76% of houses are larger. Note that EPC data is not available for all properties in Langstone.

5 RUSSET CLOSE: Plot and Title Map

5 RUSSET CLOSE sits on a plot of roughly 0.138 of an acre, or 558m². The below map shows the location of 5 RUSSET 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 5 RUSSET 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 5 RUSSET CLOSE?

5 RUSSET CLOSE is located in LANGSTONE, in the NP18 postcode district. The below map shows the position of No. 5 on RUSSET CLOSE.