CHOSEN WAY, CAERLEON ROAD, PONTHIR, NEWPORT, NP18 1GZ - £540,000

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

CHOSEN WAY is a very large extended detached house of 184m², built sometime between 1950 and 1966. It was last sold for £540,000 in July 2022, which was around 71% above the average July 2022 detached price in the Torfaen local authority area. The most recent EPC inspection was February 2022, where the current energy rating was C, and the potential energy rating was B.

CHOSEN WAY Sold Prices

Land registry data shows two sales for CHOSEN 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 Torfaen local authority area for the corresponding sale date. Both of the two CHOSEN 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
2022 13 JUL	£540,000	£316,487	71% above HPI
2015 10 JUL	£232,500	£201,543	15% above HPI

CHOSEN WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Torfaen local authority area over time, sourced from the HPI. The two CHOSEN WAY sales from July 2015 and July 2022 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 2015 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the July 2022 sale, where it rises to 71% above the HPI. The line then continues to track at 71% above the HPI.

How Large is CHOSEN WAY?

CHOSEN WAY is 184m², which includes one extension, according to the EPC inspection conducted in February 2022. This puts it in the largest 10% of detached houses in Ponthir, based on EPC data. The below chart shows the distribution of detached houses by size in Ponthir, and where CHOSEN WAY lies on this distribution: 92% of detached houses are smaller than CHOSEN WAY, and 8% of houses are larger. Note that EPC data is not available for all properties in Ponthir.

CHOSEN WAY: Plot and Title Map

CHOSEN WAY sits on a plot of roughly 0.173 of an acre, or 700m². The below map shows the location of CHOSEN 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 CHOSEN 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 CHOSEN WAY?

CHOSEN WAY is located on CAERLEON ROAD in PONTHIR, in the NP18 postcode district. The below map shows the position of CHOSEN WAY on CAERLEON ROAD.