£114,071
This estimated value is based upon the latest sale price for the house of £90,000 on 22 Sep 2017. This value is then adjusted by the current Official House Price Index for NEWPORT 1
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| Price Paid | Date |
|---|---|
| £90,000 | 22 Sep 2017 |
| £89,500 | 22 Sep 2017 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 55 sq meters or 592 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 September 2017 the House Price Index for NEWPORT was 117.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 26.747%.Applying this 26.747% change to the original purchase price of £90,000 results in an estimated price of approximately £114,071.
| 22 Sep 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.2 | 148.6 | 26.747 % | £90,000 | £24,071 | £114,071 |
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 | 13.760 % | £12,383 | £102,383 |
| 3 Month Average | 34.979 % | £31,481 | £121,481 |
| 6 Month Average | 44.732 % | £40,258 | £130,258 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Sep 2023 | £238,044 | £235,000 | 8 LOFTUS SQUARE |
| 25 Aug 2023 | £166,456 | £165,000 | 15 REDVERS STREET |
| 18 Aug 2023 | £260,277 | £258,000 | 6 LOFTUS SQUARE |
| 3 Aug 2023 | £176,544 | £175,000 | 52 LOFTUS AVENUE |
| 9 Jun 2023 | £197,391 | £195,000 | 24 LOFTUS AVENUE |
This house has a floor area of 55 sq meters or 592 sq feet when measured on 20 Jul 2017. Using an estimated price of £114,072 means this house is valued at £2,074 per sq meter (£192 per sq foot).
The average size of a house on LOFTUS AVENUE is 83 sq meters (897 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Sgwar Loftus |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Sgwar Loftus |
| Dec 2023 | Public order | Unable to prosecute suspect | On or near Loftus Grove |
| Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near Hammond Drive |
| Dec 2023 | Anti-social behaviour | On or near Hammond Drive |