LOCK COTTAGE, BETTWS, NEWPORT, NP20 7AE - £134,000

LOCK COTTAGE is a very small extended detached house of 55m², built sometime before 1900. It was last sold for £134,000 in September 2023, which was around 67% below the average September 2023 detached price in the Newport local authority area. The most recent EPC inspection was January 2022, where the current energy rating was F, and the potential energy rating was A.

LOCK COTTAGE Sold Prices

Land registry data shows two sales for LOCK COTTAGE 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 LOCK COTTAGE 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
2023 28 SEP	£134,000	£403,310	67% below HPI
2022 7 MAR	£158,000	£390,372	60% below HPI

LOCK COTTAGE 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 LOCK COTTAGE sales from March 2022 and September 2023 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 March 2022 sale was for 60% below the HPI. So the extrapolation line tracks at 60% below the HPI over time, until the September 2023 sale, where it falls to 67% below the HPI. The line then continues to track at 67% below the HPI.

How Large is LOCK COTTAGE?

LOCK COTTAGE is 55m², which includes two extensions, according to the EPC inspection conducted in January 2022. 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 LOCK COTTAGE lies on this distribution: 1% of detached houses are smaller than LOCK COTTAGE, and 99% of houses are larger. Note that EPC data is not available for all properties in Newport.

LOCK COTTAGE: Plot and Title Map

LOCK COTTAGE sits on a plot of roughly 0.187 of an acre, or 758m². The below map shows the location of LOCK COTTAGE, 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 LOCK COTTAGE). 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 LOCK COTTAGE?

LOCK COTTAGE is located in BETTWS, in the NP20 postcode district. The below map shows the position of LOCK COTTAGE in BETTWS.