£125,837
This estimated value is based upon the latest sale price for the house of £95,000 on 27 Oct 2016. This value is then adjusted by the current Official House Price Index for NEWPORT 1
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Price Paid | Date |
---|---|
£95,000 | 27 Oct 2016 |
£70,000 | 21 May 2008 |
Flats/Maisonettes |
Freehold |
Floor Area: 103 sq meters or 1,111 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 October 2016 the House Price Index for NEWPORT was 112.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 32.461%.Applying this 32.461% change to the original purchase price of £95,000 results in an estimated price of approximately £125,837.
27 Oct 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
112.2 | 148.6 | 32.461 % | £95,000 | £30,837 | £125,837 |
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 | 27.767 % | £26,379 | £121,379 |
3 Month Average | 48.402 % | £45,982 | £140,982 |
6 Month Average | 51.093 % | £48,538 | £143,538 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
24 Nov 2023 | £172,555 | £170,000 | 256 HENDRE FARM DRIVE |
31 Aug 2023 | £166,456 | £165,000 | 25 COT FARM CIRCLE |
12 Apr 2023 | £128,382 | £127,000 | 310 HENDRE FARM DRIVE |
28 Nov 2022 | £172,906 | £175,000 | 18 WARLOCK CLOSE |
1 Nov 2022 | £143,265 | £145,000 | 20 NEWMAN CLOSE |
This house has a floor area of 103 sq meters or 1,111 sq feet when measured on 18 Dec 2008. Using an estimated price of £125,838 means this house is valued at £1,219 per sq meter (£113 per sq foot).
The average size of a house on COT FARM CIRCLE is 111 sq meters (1,199 sq feet).