8, ASPEN WAY, NEWPORT, TF10 7EE - £263,500

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

8 ASPEN WAY is a very small extended detached house of 82m², built sometime between 1967 and 1975. It was last sold for £263,500 in March 2023, which was around 24% below the average March 2023 detached price in the Telford and Wrekin local authority area. The most recent EPC inspection was January 2023, where the current energy rating was E, and the potential energy rating was B.

8 ASPEN WAY Sold Prices

Land registry data shows four sales for 8 ASPEN WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Telford and Wrekin local authority area for the corresponding sale date. All of the four 8 ASPEN WAY 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
2023 31 MAR	£263,500	£348,654	24% below HPI
2011 15 JUL	£170,000	£205,436	17% below HPI
1998 15 DEC	£28,250	£81,162	65% below HPI
1998 23 JAN	£56,500	£77,659	27% below HPI

8 ASPEN WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Telford and Wrekin local authority area over time, sourced from the HPI. The four 8 ASPEN WAY sales between January 1998 and March 2023 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 2011 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the March 2023 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 8 ASPEN WAY?

8 ASPEN WAY is 82m², which includes two extensions, according to the EPC inspection conducted in January 2023. This puts it in the smallest 20% of detached houses in Newport, based on EPC data. The below chart shows the distribution of detached houses by size in Newport, and where 8 ASPEN WAY lies on this distribution: 16% of detached houses are smaller than 8 ASPEN WAY, and 83% of houses are larger. Note that EPC data is not available for all properties in Newport.

8 ASPEN WAY: Plot and Title Map

8 ASPEN WAY sits on a plot of roughly 0.087 of an acre, or 354m². The below map shows the location of 8 ASPEN 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 8 ASPEN 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 8 ASPEN WAY?

8 ASPEN WAY is located in NEWPORT, in the TF10 postcode district. The below map shows the position of No. 8 on ASPEN WAY.