£220,061
This estimated value is based upon the latest sale price for the house of £175,000 on 20 Apr 2018. This value is then adjusted by the current Official House Price Index for NEWPORT 1
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| Price Paid | Date |
|---|---|
| £175,000 | 20 Apr 2018 |
| £159,000 | 20 Feb 2017 |
| Terraced |
| Freehold |
| Floor Area: 118 sq meters or 1,270 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 April 2018 the House Price Index for NEWPORT was 119.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.749%.Applying this 25.749% change to the original purchase price of £175,000 results in an estimated price of approximately £220,061.
| 20 Apr 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.0 | 149.7 | 25.749 % | £175,000 | £45,061 | £220,061 |
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 | 44.400 % | £77,699 | £252,699 |
| 3 Month Average | 40.965 % | £71,688 | £246,688 |
| 6 Month Average | 47.569 % | £83,245 | £258,245 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 May 2024 | £200,000 | £200,000 | 27 RONALD ROAD |
| 15 Mar 2024 | £287,924 | £283,500 | 42 RONALD ROAD |
| 29 Sep 2023 | £250,523 | £245,000 | 64 RICHMOND ROAD |
| 30 Jun 2023 | £262,766 | £257,500 | 66 RICHMOND ROAD |
| 13 Jan 2023 | £122,828 | £122,500 | 4 RICHMOND ROAD |
This house has a floor area of 118 sq meters or 1,270 sq feet when measured on 16 Feb 2016. Using an estimated price of £220,061 means this house is valued at £1,864 per sq meter (£173 per sq foot).
The average size of a house on RICHMOND ROAD is 124 sq meters (1,344 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Richmond Road |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Surrey Place |
| Aug 2024 | Burglary | Under investigation | On or near Surrey Place |
| Jul 2024 | Anti-social behaviour | On or near Surrey Place | |
| Jul 2024 | Anti-social behaviour | On or near Surrey Place |