£172,562
This estimated value is based upon the latest sale price for the house of £75,000 on 5 Aug 2003. This value is then adjusted by the current Official House Price Index for NEWPORT 1
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| Price Paid | Date |
|---|---|
| £75,000 | 5 Aug 2003 |
| Terraced |
| Freehold |
| Floor Area: 49 sq meters or 527 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 August 2003 the House Price Index for NEWPORT was 64.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 130.083%.Applying this 130.083% change to the original purchase price of £75,000 results in an estimated price of approximately £172,562.
| 5 Aug 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 64.6 | 148.6 | 130.083 % | £75,000 | £97,562 | £172,562 |
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 | 101.223 % | £75,917 | £150,917 |
| 3 Month Average | 127.376 % | £95,532 | £170,532 |
| 6 Month Average | 141.783 % | £106,337 | £181,337 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Aug 2023 | £177,553 | £176,000 | 18 CEDAR ROAD |
| 14 Jul 2023 | £215,906 | £213,000 | 4 BEDFORD ROAD |
| 21 Apr 2023 | £227,449 | £225,000 | 48 CHEPSTOW ROAD |
| 28 Jul 2022 | £192,017 | £191,500 | 17 BEDFORD ROAD |
| 4 May 2022 | £224,225 | £220,000 | 72 CORPORATION ROAD |
This house has a floor area of 49 sq meters or 527 sq feet when measured on 16 Sep 2014. Using an estimated price of £172,562 means this house is valued at £3,521 per sq meter (£327 per sq foot).
The average size of a house on BEDFORD ROAD is 108 sq meters (1,163 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Cedar Road | |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Cedar Road |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Cedar Road |
| Feb 2024 | Anti-social behaviour | On or near Cedar Road | |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Cedar Road |