£167,200
This estimated value is based upon the latest sale price for the house of £150,000 on 22 Oct 2021. This value is then adjusted by the current Official House Price Index for NEWPORT 1
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| Price Paid | Date |
|---|---|
| £150,000 | 22 Oct 2021 |
| £115,000 | 15 Oct 2004 |
| Terraced |
| Freehold |
| Floor Area: 50 sq meters or 538 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 October 2021 the House Price Index for NEWPORT was 134.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 11.467%.Applying this 11.467% change to the original purchase price of £150,000 results in an estimated price of approximately £167,200.
| 22 Oct 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 134.3 | 149.7 | 11.467 % | £150,000 | £17,200 | £167,200 |
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 | 3.481 % | £5,221 | £155,221 |
| 3 Month Average | 5.390 % | £8,085 | £158,085 |
| 6 Month Average | 8.928 % | £13,391 | £163,391 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 May 2024 | £170,000 | £170,000 | 11 ORCHARD GARDENS |
| 8 Dec 2023 | £167,136 | £162,000 | 160 DURHAM ROAD |
| 15 Aug 2023 | £176,178 | £173,000 | 137 DURHAM ROAD |
| 27 May 2022 | £187,895 | £183,000 | 131 DURHAM ROAD |
| 6 May 2022 | £205,350 | £200,000 | 283 CAERLEON ROAD |
This house has a floor area of 50 sq meters or 538 sq feet when measured on 24 Oct 2019. Using an estimated price of £167,200 means this house is valued at £3,344 per sq meter (£310 per sq foot).
The average size of a house on ORCHARD GARDENS is 81 sq meters (875 sq feet).
This house is the smallest in the street with a floor area of 50 sq meters (538 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Anti-social behaviour | On or near Orchard Lane | |
| Jun 2024 | Anti-social behaviour | On or near Orchard Lane | |
| May 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Orchard Lane |
| Jul 2024 | Other theft | Under investigation | On or near Oak Street |
| Jun 2024 | Other theft | Investigation complete; no suspect identified | On or near Oak Street |