£3,083,838
This estimated value is based upon the latest sale price for the house of £2,450,000 on 14 Feb 2018. This value is then adjusted by the current Official House Price Index for NEWPORT 1
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| Price Paid | Date |
|---|---|
| £2,450,000 | 14 Feb 2018 |
| Freehold |
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 February 2018 the House Price Index for NEWPORT was 118.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.871%.Applying this 25.871% change to the original purchase price of £2,450,000 results in an estimated price of approximately £3,083,838.
| 14 Feb 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.9 | 149.7 | 25.871 % | £2,450,000 | £633,838 | £3,083,838 |
The Postcode Pricing Model uses changes in average sales price within the NP18 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 | -10.431 % | £-255,568 | £2,194,431 |
| 3 Month Average | 75.965 % | £1,861,151 | £4,311,151 |
| 6 Month Average | 33.826 % | £828,742 | £3,278,742 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Jun 2024 | £565,000 | £565,000 | 4 PRIORY DRIVE |
| 26 Oct 2023 | £317,204 | £310,000 | 8 PRIORY VIEW |
| 19 Sep 2023 | £368,115 | £360,000 | 7 BLOSSOM CLOSE |
| 9 Aug 2023 | £549,918 | £540,000 | 3 PRIORY DRIVE |
| 29 Jun 2023 | £838,810 | £822,000 | UNIT 4 LANGSTONE BUSINESS VILLAGE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Bailey Crescent |
| Jul 2024 | Other theft | Unable to prosecute suspect | On or near Bailey Crescent |
| Jun 2024 | Shoplifting | Under investigation | On or near Bailey Crescent |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Bailey Crescent |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Priory Grove |