Magor Road, Langstone, Newport, NP18

Street Guide For Magor Road, Langstone, Newport, NP18

 

Magor Road, Langstone, Newport, NP18 Map

Estimated Price: £375,334
Average Asking Price: £280,053
Price change in last one year: £21,144
Average Price Paid: £315,583
Average Rent Rates: £896

 

Property Prices Breakdown in Magor Road, Langstone, Newport, NP18

Average Price for property in Magor Road, Langstone, Newport, NP18 is around £375,334 which varies based on type of property you are interested in and ranges from £381,064 for detached house to around £306,581 for a flat. Values have been changing and have risen £2,428 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £6,763 in last 6 months, £21,144 in last 1 year, £23,591 in last 2 years, £32,977 in last 3 years, £28,295 in last 4 years and £22,979 in last 5 years.

Currently average asking price of a property in Magor Road, Langstone, Newport, NP18 is around £280,053 based on approximately 2 properties for sale. Same is the case with rental options based on 24 properties up for rent, average asking rent is around £896 per month.

Estimated property value in Magor Road, Langstone, Newport, NP18 is £375,334. Average asking price is £280,053 while average price paid is £356,000 which is up by £21,144 and Avg. asking rent £896.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 Magor Road, Langstone, Newport, NP18 area. In last 1 year alone average price buyer paid is around £356,000 based on approximately 2 sales in Magor Road, Langstone, Newport, NP18 area alone. If you compare it to last 3 years sales of 5 properties where buyers paid around £316,100. 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 £315,583 for 6 and average amount paid for purchase of approx. 6 properties sold in last 7 years comes to about £315,583 per sale.

 
 

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 £74,995, £162,790 for a 2 bedroom house, £193,459 for a 3 bedroom house, £316,587 for a 4 bedroom house and £561,661 for a 5 bedroom house. For a flat the prices of 2 bedroom is £93,967. To sum up the asking prices for properties in Magor Road, Langstone, Newport, NP18 it comes to around average £74,995 for 1 bedroom property, £146,907 for 2 bedroom, £193,459 for 3 bedroom, £316,587 for 4 bedroom and £561,661 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 £498 for 1 bedroom to £687 for 2 bedrooms, £741 for 3 bedrooms, £1,151 for 4 bedrooms and £1,360 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £351. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £537. You should be generally be expecting around average £424 rent per month for single bedroom property, £612 for 2 bedroom, £741 for 3 bedroom, £1,150 for 4 bedroom and approximately £1,360 for a 5 bedroom property in Magor Road, Langstone, Newport, NP18 area.

Popular Houses in Magor Road, Langstone, Newport, NP18

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.

Areas in and around Magor Road, Langstone, Newport, NP18