7, NEWSTEAD WAY, BINLEY, COVENTRY, CV3 2UT - £297,500

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

7 NEWSTEAD WAY is a small extended detached house of 100m², built sometime between 1996 and 2002. It was last sold for £297,500 in October 2016, which was around 2% below the average October 2016 detached price in the Coventry local authority area. The most recent EPC inspection was January 2016, where the current energy rating was C, and the potential energy rating was B.

7 NEWSTEAD WAY Sold Prices

Land registry data shows three sales for 7 NEWSTEAD WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Coventry local authority area for the corresponding sale date. One of the three 7 NEWSTEAD WAY sales was for below the average price, whilst two 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
2016 14 OCT	£297,500	£303,175	2% below HPI
2004 18 JUN	£230,000	£209,836	10% above HPI
1997 25 FEB	£92,995	£80,786	15% above HPI

7 NEWSTEAD WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Coventry local authority area over time, sourced from the HPI. The three 7 NEWSTEAD WAY sales between February 1997 and October 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 June 2004 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the October 2016 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is 7 NEWSTEAD WAY?

7 NEWSTEAD WAY is 100m², which includes one extension, according to the EPC inspection conducted in January 2016. This puts it in the smallest 40% of detached houses in Coventry, based on EPC data. The below chart shows the distribution of detached houses by size in Coventry, and where 7 NEWSTEAD WAY lies on this distribution: 35% of detached houses are smaller than 7 NEWSTEAD WAY, and 63% of houses are larger. Note that EPC data is not available for all properties in Coventry.

7 NEWSTEAD WAY: Plot and Title Map

7 NEWSTEAD WAY sits on a plot of roughly 0.054 of an acre, or 220m². The below map shows the location of 7 NEWSTEAD WAY, 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 7 NEWSTEAD WAY). 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 7 NEWSTEAD WAY?

7 NEWSTEAD WAY is located in BINLEY, in the CV3 postcode district. The below map shows the position of No. 7 on NEWSTEAD WAY.