RIVER BEND, MILFORD COMMON, NEWTOWN, SY16 3AR - £120,000

RIVER BEND is a very small detached house of 59m², built sometime between 1950 and 1966. It was last sold for £120,000 in August 2021, which was around 58% below the average August 2021 detached price in the Powys local authority area. The most recent EPC inspection was February 2019, where the current energy rating was E, and the potential energy rating was B.

RIVER BEND Sold Prices

Land registry data shows two sales for RIVER BEND since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Powys local authority area for the corresponding sale date. Both of the two RIVER BEND 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
2021 24 AUG	£120,000	£284,629	58% below HPI
2003 31 OCT	£100,000	£152,669	34% below HPI

RIVER BEND 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 two RIVER BEND sales from October 2003 and August 2021 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 2003 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the August 2021 sale, where it falls to 58% below the HPI. The line then continues to track at 58% below the HPI.

How Large is RIVER BEND?

RIVER BEND is 59m² according to the EPC inspection conducted in February 2019. This puts it in the smallest 10% of detached houses in Newtown, based on EPC data. The below chart shows the distribution of detached houses by size in Newtown, and where RIVER BEND lies on this distribution: 4% of detached houses are smaller than RIVER BEND, and 96% of houses are larger. Note that EPC data is not available for all properties in Newtown.

RIVER BEND: Plot and Title Map

RIVER BEND sits on a plot of roughly 0.106 of an acre, or 427m². The below map shows the location of RIVER BEND, 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 RIVER BEND). 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 RIVER BEND?

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