£111,327
This estimated value is based upon the latest sale price for the house of £85,000 on 23 Feb 2017. This value is then adjusted by the current Official House Price Index for NEWPORT 1
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Price Paid | Date |
---|---|
£85,000 | 23 Feb 2017 |
Flats/Maisonettes |
Leasehold |
Floor Area: 56 sq meters or 602 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 February 2017 the House Price Index for NEWPORT was 114.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 30.973%.Applying this 30.973% change to the original purchase price of £85,000 results in an estimated price of approximately £111,327.
23 Feb 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
114.3 | 149.7 | 30.973 % | £85,000 | £26,327 | £111,327 |
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 | 46.443 % | £39,476 | £124,476 |
3 Month Average | 53.615 % | £45,573 | £130,573 |
6 Month Average | 52.784 % | £44,866 | £129,866 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
19 Dec 2023 | £242,450 | £235,000 | 66 LYSAGHT WAY |
24 Nov 2023 | £246,251 | £240,000 | 724 CORPORATION ROAD |
9 Nov 2023 | £241,121 | £235,000 | 708 CORPORATION ROAD |
31 Mar 2023 | £249,161 | £245,000 | 62 LYSAGHT WAY |
28 Jan 2022 | £231,123 | £218,000 | 742 CORPORATION ROAD |
This house has a floor area of 56 sq meters or 602 sq feet when measured on 9 Jan 2017. Using an estimated price of £111,327 means this house is valued at £1,987 per sq meter (£184 per sq foot).
The average size of a house on SWAN CRESCENT is 55 sq meters (602 sq feet).