£326,899
This estimated value is based upon the latest sale price for the house of £322,500 on 7 Jul 2023. This value is then adjusted by the current Official House Price Index for NEWPORT 1
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| Price Paid | Date |
|---|---|
| £322,500 | 7 Jul 2023 |
| £260,000 | 12 Dec 2018 |
| Terraced |
| Freehold |
| Floor Area: 110 sq meters or 1,184 sq feet |
This model uses changes in the Official Land Registry House Price Index for NEWPORT to estimate the market value.
When this house was purchased in July 2023 the House Price Index for NEWPORT was 146.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.364%.Applying this 1.364% change to the original purchase price of £322,500 results in an estimated price of approximately £326,899.
| 7 Jul 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.6 | 148.6 | 1.364 % | £322,500 | £4,399 | £326,899 |
The Postcode Pricing Model uses changes in average sales price within the NP20 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 22.945 % | £73,998 | £396,498 |
| 3 Month Average | 19.125 % | £61,678 | £384,178 |
| 6 Month Average | 4.366 % | £14,079 | £336,579 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Aug 2023 | £174,527 | £173,000 | PLOT 4 RIDGEWAY CLOSE |
| 7 Jul 2023 | £326,900 | £322,500 | 14 RIDGEWAY CLOSE |
| 25 Apr 2023 | £252,721 | £250,000 | 7 RIDGEWAY AVENUE |
| 31 Mar 2023 | £171,617 | £170,000 | 1 RIDGEWAY PLACE |
| 1 Mar 2023 | £323,043 | £320,000 | 18 RIDGEWAY HILL |
This house has a floor area of 110 sq meters or 1,184 sq feet when measured on 7 Nov 2018. Using an estimated price of £326,900 means this house is valued at £2,971 per sq meter (£276 per sq foot).
The average size of a house on RIDGEWAY CLOSE is 95 sq meters (1,023 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Ridgeway Park Road |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Ridgeway View |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Ridgeway View |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Ridgeway Avenue |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Ridgeway Avenue |