£1,236
This estimated value is based upon the latest sale price for the house of £1,000 on 8 Apr 2019. This value is then adjusted by the current Official House Price Index for NEWPORT 1
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| Price Paid | Date |
|---|---|
| £1,000 | 8 Apr 2019 |
| £155,000 | 1 Dec 2015 |
| £120,000 | 25 Oct 2013 |
| Freehold |
| Floor Area: 109 sq meters or 1,173 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 April 2019 the House Price Index for NEWPORT was 120.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.668%.Applying this 23.668% change to the original purchase price of £1,000 results in an estimated price of approximately £1,236.
| 8 Apr 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.2 | 148.6 | 23.668 % | £1,000 | £236 | £1,236 |
The Postcode Pricing Model uses changes in average sales price within the NP19 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 | 12.127 % | £121 | £1,121 |
| 3 Month Average | 12.020 % | £120 | £1,120 |
| 6 Month Average | 18.986 % | £189 | £1,189 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £160,559 | £157,750 | 28 ARMSTRONG CLOSE |
| 13 Sep 2023 | £141,813 | £140,000 | 99 SOMERTON ROAD |
| 28 Jul 2023 | £240,233 | £237,000 | 32 CHURCHWARD DRIVE |
| 24 Feb 2023 | £224,849 | £225,000 | 7 BROOKFIELD CLOSE |
| 8 Aug 2022 | £122,670 | £123,000 | 6 BLAKE ROAD |
This house has a floor area of 109 sq meters or 1,173 sq feet when measured on 26 Apr 2016. Using an estimated price of £1,237 means this house is valued at £11 per sq meter (£1 per sq foot).
The average size of a house on BROOKFIELD CLOSE is 125 sq meters (1,352 sq feet).