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

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

5 RUSSET CLOSE is a small extended detached house of 100m², built sometime between 1991 and 1995, which could now be worth an estimated £522,823. It was last sold for £314,000 in August 2015, which was around 35% 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	£231,931	35% above HPI
2004 10 SEP	£238,500	£210,210	13% above HPI
2001 30 MAR	£113,000	£113,775	1% below HPI
1996 19 JUL	£100,000	£80,958	24% 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 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the August 2015 sale, where it rises to 35% above the HPI. The line then continues to track at 35% above the HPI.

What might 5 RUSSET CLOSE be worth now?

5 RUSSET CLOSE might now be worth an estimated £522,823.

This is based on house price inflation of 66.5%, between August 2015 and December 2024, for detached houses, in the Newport local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 66.5% inflationary increase is applied to the most recent sale price for 5 RUSSET CLOSE of £314,000 on 3rd August 2015. For the value to have increased from £314,000 to £522,823 over the eight years and eight months to December 2024, the following assumptions must hold true:

• The value of 5 RUSSET CLOSE has moved in line with the HPI for detached houses in the Newport local authority area.
• The August 2015 sale price of £314,000 represented a fair market value for the property.
• The size, condition, and specification of 5 RUSSET CLOSE has not materially changed since August 2015.

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 houses in Langstone, based on EPC data. The below chart shows the distribution of detached houses houses by size in Langstone, and where 5 RUSSET CLOSE lies on this distribution: 23% of detached houses 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.