£72,489
This estimated value is based upon the latest sale price for the house of £43,000 on 28 May 2013. This value is then adjusted by the current Official House Price Index for NEWPORT 1
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| Price Paid | Date |
|---|---|
| £43,000 | 28 May 2013 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 63 sq meters or 678 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 May 2013 the House Price Index for NEWPORT was 88.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 68.581%.Applying this 68.581% change to the original purchase price of £43,000 results in an estimated price of approximately £72,489.
| 28 May 2013 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 88.8 | 149.7 | 68.581 % | £43,000 | £29,489 | £72,489 |
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 | 65.232 % | £28,049 | £71,049 |
| 3 Month Average | 75.906 % | £32,639 | £75,639 |
| 6 Month Average | 70.878 % | £30,477 | £73,477 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Apr 2024 | £146,270 | £145,000 | 2 QUILTER CLOSE |
| 20 Dec 2023 | £180,548 | £175,000 | 30 MALCOLM SARGENT CLOSE |
| 27 Sep 2023 | £129,521 | £126,666 | 17 PENKIN HILL |
| 11 Aug 2023 | £160,393 | £157,500 | 228 ABERTHAW ROAD |
| 28 Jun 2023 | £148,987 | £146,001 | 122 ABERTHAW ROAD |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 14 Aug 2012. Using an estimated price of £72,490 means this house is valued at £1,150 per sq meter (£106 per sq foot).
The average size of a house on BALFE ROAD is 86 sq meters (929 sq feet).