Newport

Area Guide For Newport

Newport is a city and unitary authority in south east Wales. It is located on the River Usk close to its confluence with the Severn estuary, about 12 miles (19 km) east of Cardiff. It is the third largest city in Wales, with a population of 141,300 (2007 estimate). Newport has been a port since medieval times, when a castle was built by the Normans. The town outgrew the earlier Roman town of Caerleon, immediately upstream, and gained its first charter in 1314. It grew significantly in the 19th century, when its port became the focus of coal exports from the eastern valleys of South Wales. Until the rise of Cardiff from the 1850s, Newport was Wales' largest coal-exporting port. It was the site of the last large-scale armed insurrection in Britain, the Newport Rising of 1839 led by the Chartists. During the 20th century, the docks declined in importance, but Newport remained an important manufacturing and engineering centre. It was granted city status in 2002. It is the home of the University of Wales, Newport, and the Newport Gwent Dragons rugby union regional team, and hosted the Ryder Cup in 2010.

 
 

Newport Map

Estimated Price: £215,788
Average Asking Price: £296,587
Price change in last one year: £14,297
Average Price Paid: £181,159
Average Rent Rates: £1,221

 
 

Property Prices Breakdown in Newport

Average Price for property in Newport is around £215,788 which varies based on type of property you are interested in and ranges from £318,919 for detached house to around £196,657 for semi-detached. Similarly terraced house is around £162,304 and a flat is worth £127,444. Values have been changing and have risen £1,950 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,703 in last 6 months, £14,297 in last 1 year, £31,478 in last 2 years, £28,605 in last 3 years, £24,402 in last 4 years and £22,647 in last 5 years.

Currently average asking price of a property in Newport is around £296,587 based on approximately 432 properties for sale. Same is the case with rental options based on 2,313 properties up for rent, average asking rent is around £1,221 per month.

Estimated property value in Newport is £215,788. Average asking price is £296,587 while average price paid is £189,911 which is up by £14,297 and Avg. asking rent £1,221.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 Newport area. In last 1 year alone average price buyer paid is around £189,911 based on approximately 432 sales in Newport area alone. If you compare it to last 3 years sales of 1,306 properties where buyers paid around £179,461. 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 £181,159 for 2,040 and average amount paid for purchase of approx. 2,806 properties sold in last 7 years comes to about £181,389 per sale.

 
 

Properties For Sale in Newport

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £131,541, £185,685 for a 2 bedroom house, £271,904 for a 3 bedroom house, £432,086 for a 4 bedroom house and £635,686 for a 5 bedroom house. For a flat similarly the prices varies from £111,015 for a single bedroom to £178,000 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £236,787, £297,726 for a 4 bedroom flat and £520,000 for a 5 bedroom flat. To sum up the asking prices for properties in Newport it comes to around average £115,409 for 1 bedroom property, £181,694 for 2 bedroom, £269,580 for 3 bedroom, £430,646 for 4 bedroom and £635,019 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £563 for 1 bedroom to £738 for 2 bedrooms, £971 for 3 bedrooms, £1,322 for 4 bedrooms and £1,685 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £572. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £754, £889 for 3 bedroom, £1,391 for 4 bedroom and around £1,813 for 5 bedroom flat. You should be generally be expecting around average £570 rent per month for single bedroom property, £749 for 2 bedroom, £956 for 3 bedroom, £1,328 for 4 bedroom and approximately £1,691 for a 5 bedroom property in Newport area.

Popular Houses in Newport

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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