SCHOOL HOUSE, MELBOURNE WAY, NEWPORT, NP20 3RH - £100,000

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

SCHOOL HOUSE is a very small detached house of 82m², built sometime between 1967 and 1975. It was last sold for £100,000 in April 2013, which was around 53% below the average April 2013 detached price in the Newport local authority area. The most recent EPC inspection was August 2011, where the current energy rating was D, and the potential energy rating was C.

SCHOOL HOUSE Sold Prices

Land registry data shows two sales for SCHOOL HOUSE 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 SCHOOL HOUSE 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
2013 16 APR	£100,000	£214,967	53% below HPI
2011 20 OCT	£177,000	£214,264	17% below HPI

SCHOOL HOUSE 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 SCHOOL HOUSE sales from October 2011 and April 2013 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 2011 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the April 2013 sale, where it falls to 53% below the HPI. The line then continues to track at 53% below the HPI.

How Large is SCHOOL HOUSE?

SCHOOL HOUSE is 82m² according to the EPC inspection conducted in August 2011. This puts it in the smallest 20% of detached houses in Newport, based on EPC data. The below chart shows the distribution of detached houses by size in Newport, and where SCHOOL HOUSE lies on this distribution: 12% of detached houses are smaller than SCHOOL HOUSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Newport.

SCHOOL HOUSE: Plot and Title Map

SCHOOL HOUSE sits on a plot of roughly 0.167 of an acre, or 677m². The below map shows the location of SCHOOL HOUSE, 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 SCHOOL HOUSE). 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 SCHOOL HOUSE?

SCHOOL HOUSE is located on MELBOURNE WAY in NEWPORT, in the NP20 postcode district. The below map shows the position of SCHOOL HOUSE on MELBOURNE WAY.