Skoda has revealed the first details and images of its Octavia vRS hatch and estate ahead of its world debut at the Goodwood Festival of Speed on July 10.

The hot Octavia is available in 217bhp 2.0-litre turbocharged petrol and 182bhp 2.0-litre TDI guises, both mated to a six-speed manual gearbox or a six-speed dual-clutch transmission with paddle shift as an option.

The petrol version has a 0-62mph time of 6.8 seconds and the diesel will hit 62mph in 8.2 seconds.

Skoda claims both engines are up to 19% more fuel efficient than the outgoing Octavias. The old petrol and diesel vRSs scored respective economy readings of 38mpg and 48.7mpg.

Exterior features include a new bodykit, a choice of 17-inch, 18-inch or 19-inch alloy wheels, bi-xenon lights with integrated LEDs and red painted brake calipers. The car rides 12mm lower than a standard Octavia (13mm in the case of the estate), and has a retuned steering rack to require less steering angle on challenging roads.

Interior features on the vRS include sports front seats, a new three-spoke steering wheel, leather on the handbrake and gearknob, and stainless-steel pedals and sill kickplates.

Prices will be announced at the Goodwood Festival of Speed but the new model is expected to be priced under the £27,260 which Volkswagen asks for the Golf GTI.

The 'Combi' estate vRS will is expected to be an £800 upgrade price for the extra 20-litres of boot space (610-litres in total).