LABURNUM, MILFORD COMMON, NEWTOWN, SY16 3AR - £155,000

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

LABURNUM is a small extended detached house of 82m², built sometime between 1976 and 1982. It was last sold for £155,000 in June 2009, which was around 25% below the average June 2009 detached price in the Powys local authority area. The most recent EPC inspection was May 2024, where the current energy rating was D, and the potential energy rating was B.

LABURNUM Sold Prices

Land registry data shows two sales for LABURNUM since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Powys local authority area for the corresponding sale date. Both of the two LABURNUM 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
2009 2 JUN	£155,000	£207,953	25% below HPI
2004 10 DEC	£145,000	£186,622	22% below HPI

LABURNUM Price Paid vs. HPI Average

The below graph shows the average detached house price in the Powys local authority area over time, sourced from the HPI. The two LABURNUM sales from December 2004 and June 2009 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 December 2004 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the June 2009 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is LABURNUM?

LABURNUM is 82m², which includes two extensions, according to the EPC inspection conducted in May 2024. This puts it in the smallest 30% of detached houses in Newtown, based on EPC data. The below chart shows the distribution of detached houses by size in Newtown, and where LABURNUM lies on this distribution: 25% of detached houses are smaller than LABURNUM, and 74% of houses are larger. Note that EPC data is not available for all properties in Newtown.

LABURNUM: Plot and Title Map

LABURNUM sits on a plot of roughly 0.188 of an acre, or 763m². The below map shows the location of LABURNUM, 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 LABURNUM). 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 LABURNUM?

LABURNUM is located on MILFORD COMMON in NEWTOWN, in the SY16 postcode district. The below map shows the position of LABURNUM on MILFORD COMMON.