PANORAMA, MILFORD COMMON, NEWTOWN, SY16 3AR - £180,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

PANORAMA is a small extended detached house of 80m², built sometime between 1983 and 1990. It was last sold for £180,000 in January 2022, which was around 41% below the average January 2022 detached price in the Powys local authority area. The most recent EPC inspection was August 2021, where the current energy rating was D, and the potential energy rating was B.

PANORAMA Sold Prices

Land registry data shows four sales for PANORAMA since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Powys local authority area for the corresponding sale date. All of the four PANORAMA 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
2022 21 JAN	£180,000	£305,009	41% below HPI
2014 28 NOV	£145,000	£211,014	31% below HPI
2003 7 FEB	£116,000	£135,890	15% below HPI
1997 17 JAN	£35,000	£65,006	46% below HPI

PANORAMA 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 four PANORAMA sales between January 1997 and January 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 November 2014 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the January 2022 sale, where it falls to 41% below the HPI. The line then continues to track at 41% below the HPI.

How Large is PANORAMA?

PANORAMA is 80m², which includes one extension, according to the EPC inspection conducted in August 2021. 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 PANORAMA lies on this distribution: 21% of detached houses are smaller than PANORAMA, and 77% of houses are larger. Note that EPC data is not available for all properties in Newtown.

PANORAMA: Plot and Title Map

PANORAMA sits on a plot of roughly 0.119 of an acre, or 483m². The below map shows the location of PANORAMA, 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 PANORAMA). 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 PANORAMA?

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