24, TEEMING GROVE, NEWPORT, NP19 4EJ - £314,995

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

24 TEEMING GROVE is a very small detached house of 88m², built in 2022, which could now be worth an estimated £333,117. It was last sold for £314,995 in October 2022, which was around 17% below the average October 2022 detached price in the Newport local authority area. The most recent EPC inspection was June 2022, where the current energy rating was B, and the potential energy rating was A.

24 TEEMING GROVE Sold Prices

Land registry data shows two sales for 24 TEEMING GROVE 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. One of the two 24 TEEMING GROVE sales was for below the average price, whilst the other was for above 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 24 OCT	£314,995	£377,967	17% below HPI
2020 1 OCT	£5,832,000	£320,998	1,717% above HPI

24 TEEMING GROVE 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 24 TEEMING GROVE sales from October 2020 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 October 2020 sale was for 1717% above the HPI. So the extrapolation line tracks at 1717% above the HPI over time, until the October 2022 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 24 TEEMING GROVE be worth now?

24 TEEMING GROVE might now be worth an estimated £333,117.

This is based on house price inflation of 5.8%, between October 2022 and July 2026, for detached houses, in the Newport local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 5.8% inflationary increase is applied to the most recent sale price for 24 TEEMING GROVE of £314,995 on 24th October 2022. For the value to have increased from £314,995 to £333,117 over the four years and three months to July 2026, the following assumptions must hold true:

• The value of 24 TEEMING GROVE has moved in line with the HPI for detached houses in the Newport local authority area.
• The October 2022 sale price of £314,995 represented a fair market value for the property.
• The size, condition, and specification of 24 TEEMING GROVE has not materially changed since October 2022.

How Large is 24 TEEMING GROVE?

24 TEEMING GROVE is 88m² according to the EPC inspection conducted in June 2022. 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 24 TEEMING GROVE lies on this distribution: 17% of detached houses are smaller than 24 TEEMING GROVE, and 81% of detached houses are larger. Note that EPC data is not available for all properties in Newport.

Where is 24 TEEMING GROVE?

24 TEEMING GROVE is located in NEWPORT, in the NP19 postcode district.