£387,589
This estimated value is based upon the latest sale price for the house of £385,000 on 16 Feb 2023. This value is then adjusted by the current Official House Price Index for NEWPORT 1
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| Price Paid | Date |
|---|---|
| £385,000 | 16 Feb 2023 |
| £185,000 | 26 Sep 2014 |
| Semi-Detached |
| Freehold |
| Floor Area: 133 sq meters or 1,431 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 February 2023 the House Price Index for NEWPORT was 148.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 0.672%.Applying this 0.672% change to the original purchase price of £385,000 results in an estimated price of approximately £387,589.
| 16 Feb 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 148.7 | 149.7 | 0.672 % | £385,000 | £2,589 | £387,589 |
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 | -4.893 % | £-18,836 | £366,163 |
| 3 Month Average | 8.466 % | £32,593 | £417,593 |
| 6 Month Average | 8.193 % | £31,542 | £416,542 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Mar 2024 | £218,355 | £215,000 | 3 FARMWOOD CLOSE |
| 1 Dec 2023 | £194,476 | £188,500 | 74 ABERTHAW CIRCLE |
| 26 Oct 2023 | £156,044 | £152,500 | 38 EAST GROVE ROAD |
| 15 Sep 2023 | £342,551 | £335,000 | 33 EAST GROVE ROAD |
| 16 Feb 2023 | £387,589 | £385,000 | 504 CHEPSTOW ROAD |
This house has a floor area of 133 sq meters or 1,431 sq feet when measured on 4 Jul 2014. Using an estimated price of £387,589 means this house is valued at £2,914 per sq meter (£270 per sq foot).
The average size of a house on CHEPSTOW ROAD is 112 sq meters (1,214 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Vehicle crime | Under investigation | On or near Farmwood Close |
| Oct 2024 | Vehicle crime | Under investigation | On or near Farmwood Close |
| Aug 2024 | Other crime | Investigation complete; no suspect identified | On or near Farmwood Close |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Myrtle Grove |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Myrtle Grove |