8, PRIORY WAY, LANGSTONE, NEWPORT, NP18 2JE - £417,500

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 PRIORY WAY is a midsized extended detached house of 124m², built sometime between 1996 and 2002. It was last sold for £417,500 in August 2018, which was around 39% above the average August 2018 detached price in the Newport local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was B.

8 PRIORY WAY Sold Prices

Land registry data shows two sales for 8 PRIORY WAY 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 8 PRIORY WAY 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
2018 23 AUG	£417,500	£300,667	39% above HPI
1999 2 NOV	£174,995	£102,160	71% above HPI

8 PRIORY WAY 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 8 PRIORY WAY sales from November 1999 and August 2018 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 November 1999 sale was for 71% above the HPI. So the extrapolation line tracks at 71% above the HPI over time, until the August 2018 sale, where it falls to 39% above the HPI. The line then continues to track at 39% above the HPI.

How Large is 8 PRIORY WAY?

8 PRIORY WAY is 124m², which includes one extension, according to the EPC inspection conducted in April 2014. This puts it in the smallest 50% of detached houses in Langstone, based on EPC data. The below chart shows the distribution of detached houses by size in Langstone, and where 8 PRIORY WAY lies on this distribution: 47% of detached houses are smaller than 8 PRIORY WAY, and 53% of houses are larger. Note that EPC data is not available for all properties in Langstone.

8 PRIORY WAY: Plot and Title Map

8 PRIORY WAY sits on a plot of roughly 0.089 of an acre, or 360m². The below map shows the location of 8 PRIORY 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 PRIORY 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 PRIORY WAY?

8 PRIORY WAY is located in LANGSTONE, in the NP18 postcode district. The below map shows the position of No. 8 on PRIORY WAY.