£493,984
This estimated value is based upon the latest sale price for the house of £405,000 on 24 Jan 2020. This value is then adjusted by the current Official House Price Index for MONMOUTHSHIRE 1
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| Price Paid | Date |
|---|---|
| £405,000 | 24 Jan 2020 |
| Semi-Detached |
| Freehold |
| Floor Area: 41 sq meters or 441 sq feet |
This model uses changes in the Official Land Registry House Price Index for MONMOUTHSHIRE to estimate the market value.
When this house was purchased in January 2020 the House Price Index for MONMOUTHSHIRE was 121.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 21.971%.Applying this 21.971% change to the original purchase price of £405,000 results in an estimated price of approximately £493,984.
| 24 Jan 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.8 | 148.6 | 21.971 % | £405,000 | £88,984 | £493,984 |
The Postcode Pricing Model uses changes in average sales price within the NP26 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 | 14.474 % | £58,620 | £463,620 |
| 3 Month Average | 28.231 % | £114,335 | £519,335 |
| 6 Month Average | 19.841 % | £80,355 | £485,355 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Jul 2023 | £309,161 | £305,000 | 1 ORCHARD CLOSE |
| 31 Jul 2023 | £223,001 | £220,000 | 8 ORCHARD CLOSE |
| 10 Feb 2023 | £284,808 | £285,000 | 1 CAEMAWR GROVE |
| 2 Nov 2022 | £286,529 | £290,000 | 14 STATION ROAD |
| 25 Aug 2022 | £299,145 | £299,950 | 6 THE AVENUE |
This house has a floor area of 41 sq meters or 441 sq feet when measured on 19 Nov 2019. Using an estimated price of £493,984 means this house is valued at £12,048 per sq meter (£1,119 per sq foot).
The average size of a house on NEWPORT ROAD is 97 sq meters (1,044 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Public order | Under investigation | On or near Plum Tree Lane |
| Mar 2024 | Other theft | Under investigation | On or near Plum Tree Lane |
| Mar 2024 | Anti-social behaviour | On or near Plum Tree Lane | |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Plum Tree Lane |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Yew Tree Close |