£397,508
This estimated value is based upon the latest sale price for the house of £262,500 on 20 Aug 2014. This value is then adjusted by the current Official House Price Index for GWENT 1
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| Price Paid | Date |
|---|---|
| £262,500 | 20 Aug 2014 |
| £125,000 | 21 Nov 1995 |
| Detached |
| Freehold |
| Floor Area: 178 sq meters or 1,915 sq feet |
This model uses changes in the Official Land Registry House Price Index for GWENT to estimate the market value.
When this house was purchased in August 2014 the House Price Index for GWENT was 98.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 51.432%.Applying this 51.432% change to the original purchase price of £262,500 results in an estimated price of approximately £397,508.
| 20 Aug 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 98.1 | 148.6 | 51.432 % | £262,500 | £135,008 | £397,508 |
The Postcode Pricing Model uses changes in average sales price within the NP12 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 | 7.116 % | £18,678 | £281,178 |
| 3 Month Average | 67.151 % | £176,270 | £438,770 |
| 6 Month Average | 51.368 % | £134,839 | £397,339 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Jul 2023 | £310,175 | £306,000 | 5 MAGNOLIA DRIVE |
| 8 Apr 2022 | £363,004 | £352,500 | 15 ST TUDORS VIEW |
| 4 Jan 2022 | £399,915 | £380,000 | 7 MAGNOLIA DRIVE |
| 30 Dec 2021 | £214,275 | £200,000 | 3 ST DAVIDS CLOSE |
| 29 Oct 2021 | £326,411 | £295,000 | 5 ST TUDORS VIEW |
This house has a floor area of 178 sq meters or 1,915 sq feet when measured on 15 Aug 2012. Using an estimated price of £397,509 means this house is valued at £2,233 per sq meter (£207 per sq foot).
The average size of a house on MAGNOLIA DRIVE is 194 sq meters (2,096 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near St Tudor'S View |
| Apr 2024 | Anti-social behaviour | On or near Gordon Road | |
| Apr 2024 | Anti-social behaviour | On or near Gordon Road | |
| Feb 2024 | Anti-social behaviour | On or near Gordon Road | |
| Feb 2024 | Anti-social behaviour | On or near Gordon Road |