6, MAGNOLIA CLOSE, NEWPORT, NP20 6JS - £176,000

6 MAGNOLIA CLOSE is a very small detached house of 80m², built sometime between 1950 and 1966. It was last sold for £176,000 in January 2016, which was around 26% below the average January 2016 detached price in the Newport local authority area. The most recent EPC inspection was June 2015, where the current energy rating was D, and the potential energy rating was B.

6 MAGNOLIA CLOSE Sold Prices

Land registry data shows three sales for 6 MAGNOLIA CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Newport local authority area for the corresponding sale date. All of the three 6 MAGNOLIA CLOSE 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
2016 11 JAN	£176,000	£238,691	26% below HPI
2015 30 OCT	£180,000	£238,639	25% below HPI
2003 19 DEC	£162,000	£190,004	15% below HPI

6 MAGNOLIA CLOSE 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 three 6 MAGNOLIA CLOSE sales between December 2003 and January 2016 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 2015 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the January 2016 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 6 MAGNOLIA CLOSE?

6 MAGNOLIA CLOSE is 80m² according to the EPC inspection conducted in June 2015. 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 6 MAGNOLIA CLOSE lies on this distribution: 10% of detached houses are smaller than 6 MAGNOLIA CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Newport.

6 MAGNOLIA CLOSE: Plot and Title Map

6 MAGNOLIA CLOSE sits on a plot of roughly 0.063 of an acre, or 254m². The below map shows the location of 6 MAGNOLIA CLOSE, 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 6 MAGNOLIA CLOSE). 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 6 MAGNOLIA CLOSE?

6 MAGNOLIA CLOSE is located in NEWPORT, in the NP20 postcode district. The below map shows the position of No. 6 on MAGNOLIA CLOSE.