Average Price for property in Melfort Road, Newport, NP20 is around £174,772 which varies based on type of property you are interested in and ranges from £188,484 for detached house to around £172,856 for semi-detached. Similarly terraced house is around £227,796. Values have been changing and have risen £383 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,866 in last 6 months, £9,155 in last 1 year, £13,725 in last 2 years, £17,166 in last 3 years, £15,159 in last 4 years and £10,789 in last 5 years.
Currently average asking price of a property in Melfort Road, Newport, NP20 is around £174,188 based on approximately 2 properties for sale. Same is the case with rental options based on 194 properties up for rent, average asking rent is around £654 per month.
Estimated property value in Melfort Road, Newport, NP20 is £174,772. Average asking price is £174,188 while average price paid is £117,000 which is up by £9,155 and Avg. asking rent £654.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 Melfort Road, Newport, NP20 area. In last 1 year alone average price buyer paid is around £117,000 based on approximately 2 sales in Melfort Road, Newport, NP20 area alone. If you compare it to last 3 years sales of 9 properties where buyers paid around £150,888. 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 £146,285 for 14 and average amount paid for purchase of approx. 22 properties sold in last 7 years comes to about £151,111 per sale.