55, GROSMONT WAY, NEWPORT, NP10 8UQ - £140,000

55 GROSMONT WAY is a very small detached house of 50m², built sometime between 1996 and 2002. It was last sold for £140,000 in October 2022, which was around 65% below the average October 2022 detached price in the Newport local authority area. The most recent EPC inspection was August 2020, where the current energy rating was C, and the potential energy rating was C.

55 GROSMONT WAY Sold Prices

Land registry data shows two sales for 55 GROSMONT 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 Newport local authority area for the corresponding sale date. Both of the two 55 GROSMONT WAY 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 7 OCT	£140,000	£404,264	65% below HPI
2007 1 JUN	£125,000	£259,627	52% below HPI

55 GROSMONT WAY 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 55 GROSMONT WAY sales from June 2007 and October 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 June 2007 sale was for 52% below the HPI. So the extrapolation line tracks at 52% below the HPI over time, until the October 2022 sale, where it falls to 65% below the HPI. The line then continues to track at 65% below the HPI.

How Large is 55 GROSMONT WAY?

55 GROSMONT WAY is 50m² according to the EPC inspection conducted in August 2020. This puts it in the smallest 10% of detached houses in Newport, based on EPC data. The below chart shows the distribution of detached houses by size in Newport, and where 55 GROSMONT WAY lies on this distribution: Less than 1% of detached houses are smaller than 55 GROSMONT WAY, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Newport.

55 GROSMONT WAY: Plot and Title Map

55 GROSMONT WAY sits on a plot of roughly 0.027 of an acre, or 110m². The below map shows the location of 55 GROSMONT 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 55 GROSMONT 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 55 GROSMONT WAY?

55 GROSMONT WAY is located in NEWPORT, in the NP10 postcode district. The below map shows the position of No. 55 on GROSMONT WAY.