£113,630
This estimated value is based upon the latest sale price for the house of £82,800 on 8 Jan 2016. This value is then adjusted by the current Official House Price Index for NEWPORT 1
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| Price Paid | Date |
|---|---|
| £82,800 | 8 Jan 2016 |
| £69,000 | 5 Dec 2014 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 54 sq meters or 581 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 January 2016 the House Price Index for NEWPORT was 108.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 37.235%.Applying this 37.235% change to the original purchase price of £82,800 results in an estimated price of approximately £113,630.
| 8 Jan 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 108.3 | 148.6 | 37.235 % | £82,800 | £30,830 | £113,630 |
The Postcode Pricing Model uses changes in average sales price within the NP18 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 | 340.955 % | £282,311 | £365,111 |
| 3 Month Average | 86.276 % | £71,436 | £154,236 |
| 6 Month Average | 47.182 % | £39,066 | £121,866 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Nov 2022 | £165,989 | £168,000 | 18 GEORGE LANSBURY DRIVE |
| 5 Aug 2022 | £369,007 | £370,000 | 34 THE COLDRA |
| 18 Jul 2022 | £220,594 | £220,000 | 25 TREBERTH AVENUE |
| 14 Apr 2022 | £127,180 | £123,500 | 62 ROYAL OAK DRIVE |
| 11 Jan 2022 | £299,936 | £285,000 | 8 FENNER BROCKWAY CLOSE |
This house has a floor area of 54 sq meters or 581 sq feet when measured on 12 May 2015. Using an estimated price of £113,631 means this house is valued at £2,104 per sq meter (£195 per sq foot).
The average size of a house on ROYAL OAK DRIVE is 89 sq meters (964 sq feet).
This house is the smallest in the street with a floor area of 54 sq meters (581 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Royal Oak Drive |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Royal Oak Drive |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Royal Oak Drive |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Royal Oak Drive |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Royal Oak Drive |