Values have been changing and have risen £14 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £134 in last 6 months, £4,180 in last 1 year, £6,813 in last 2 years, £6,915 in last 3 years, £8,359 in last 4 years and £5,412 in last 5 years.
Currently average asking price of a property in Channel View, Risca, Newport, NP11 is around £122,625 based on approximately 2 properties for sale. Same is the case with rental options based on 56 properties up for rent, average asking rent is around £558 per month.
Estimated property value in Channel View, Risca, Newport, NP11 is £90,526. Average asking price is £122,625 while average price paid is £58,750 which is up by £4,180 and Avg. asking rent £558.Based on an Online Survey
Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Channel View, Risca, Newport, NP11 area. In last 1 year alone average price buyer paid is around £58,750 based on approximately 2 sales in Channel View, Risca, Newport, NP11 area alone. If you compare it to last 3 years sales of 5 properties where buyers paid around £63,600. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £69,625 for 8 and average amount paid for purchase of approx. 9 properties sold in last 7 years comes to about £72,777 per sale.