£225,294
This estimated value is based upon the latest sale price for the house of £185,000 on 10 Dec 2018. This value is then adjusted by the current Official House Price Index for NEWPORT 1
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| Price Paid | Date |
|---|---|
| £185,000 | 10 Dec 2018 |
| Freehold |
| Floor Area: 89 sq meters or 957 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 December 2018 the House Price Index for NEWPORT was 120.5.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 21.781%.Applying this 21.781% change to the original purchase price of £185,000 results in an estimated price of approximately £225,294.
| 10 Dec 2018 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 146.7 | 21.781 % | £185,000 | £40,294 | £225,294 |
The Postcode Pricing Model uses changes in average sales price within the NP20 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 | 30.954 % | £57,265 | £242,265 |
| 3 Month Average | 39.014 % | £72,175 | £257,175 |
| 6 Month Average | 30.296 % | £56,047 | £241,047 |
This house has a floor area of 89 sq meters or 957 sq feet when measured on 2 Oct 2018.
The average size of a house on GAER PARK LANE is 91 sq meters (982 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Other crime | Awaiting court outcome | On or near Castle Park Close |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Castle Park Road |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Castle Park Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Gaer Park Hill |
| Mar 2024 | Public order | Under investigation | On or near Gaer Park Parade |