CEDAR LODGE, MILLER CLOSE, NEWPORT, PO30 5PS - £188,000

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

CEDAR LODGE is a large detached house of 119m², built sometime between 1996 and 2002. It was last sold for £188,000 in September 2010, which was around 28% below the average September 2010 detached price in the Isle of Wight local authority area. The most recent EPC inspection was August 2010, where the current energy rating was D, and the potential energy rating was C.

CEDAR LODGE Sold Prices

Land registry data shows two sales for CEDAR LODGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. One of the two CEDAR LODGE sales was for below the average price, whilst the other was 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
2010 30 SEP	£188,000	£260,714	28% below HPI
1996 11 OCT	£75,000	£71,010	6% above HPI

CEDAR LODGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Isle of Wight local authority area over time, sourced from the HPI. The two CEDAR LODGE sales from October 1996 and September 2010 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 October 1996 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the September 2010 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is CEDAR LODGE?

CEDAR LODGE is 119m² according to the EPC inspection conducted in August 2010. This puts it in the largest 30% of detached houses in Newport, based on EPC data. The below chart shows the distribution of detached houses by size in Newport, and where CEDAR LODGE lies on this distribution: 71% of detached houses are smaller than CEDAR LODGE, and 29% of houses are larger. Note that EPC data is not available for all properties in Newport.

CEDAR LODGE: Plot and Title Map

CEDAR LODGE sits on a plot of roughly 0.182 of an acre, or 738m². The below map shows the location of CEDAR LODGE, 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 CEDAR LODGE). 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 CEDAR LODGE?

CEDAR LODGE is located on MILLER CLOSE in NEWPORT, in the PO30 postcode district. The below map shows the position of CEDAR LODGE on MILLER CLOSE.