£97,192
This estimated value is based upon the latest sale price for the house of £73,000 on 9 Aug 2016. This value is then adjusted by the current Official House Price Index for NEWPORT 1
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| Price Paid | Date |
|---|---|
| £73,000 | 9 Aug 2016 |
| Terraced |
| Freehold |
| Floor Area: 110 sq meters or 1,184 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 2016 the House Price Index for NEWPORT was 111.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 33.141%.Applying this 33.141% change to the original purchase price of £73,000 results in an estimated price of approximately £97,192.
| 9 Aug 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 148.6 | 33.141 % | £73,000 | £24,192 | £97,192 |
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 | 18.427 % | £13,451 | £86,451 |
| 3 Month Average | 56.115 % | £40,964 | £113,964 |
| 6 Month Average | 52.059 % | £38,002 | £111,002 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Sep 2023 | £121,554 | £120,000 | 56 WITHAM STREET |
| 4 Feb 2023 | £144,902 | £145,000 | 16 COVERACK ROAD |
| 15 Nov 2022 | £202,547 | £205,000 | 262 CORPORATION ROAD |
| 21 Oct 2022 | £133,562 | £135,000 | 10 FEERING STREET |
| 21 Jul 2022 | £149,402 | £149,000 | 1 WITHAM STREET |
This house has a floor area of 110 sq meters or 1,184 sq feet when measured on 9 Nov 2016. Using an estimated price of £97,193 means this house is valued at £883 per sq meter (£82 per sq foot).
The average size of a house on COVERACK ROAD is 96 sq meters (1,039 sq feet).