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. It is the largest urban area within the historic county


Newport Map

Estimated Price: £158,062
Average Asking Price: £220,958
Price change in last one year: £5,529
Average Price Paid: £137,372
Average Rent Rates: £678


Property Prices Breakdown in Newport

Average Price for property in Newport is around £158,062 which varies based on type of property you are interested in and ranges from £272,447 for detached house to around £153,774 for semi-detached. Similarly terraced house is around £113,262 and a flat is worth £102,006. Values have been changing and have risen £1,432 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,418 in last 6 months, £5,529 in last 1 year, £11,164 in last 2 years, £14,614 in last 3 years, £13,750 in last 4 years and £13,466 in last 5 years.

Currently average asking price of a property in Newport is around £220,958 based on approximately 1,900 properties for sale. Same is the case with rental options based on 878 properties up for rent, average asking rent is around £678 per month.

Estimated property value in Newport is £158,062. Average asking price is £220,958 while average price paid is £144,965 which is up by £5,529 and Avg. asking rent £678.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 £144,965 based on approximately 1,900 sales in Newport area alone. If you compare it to last 3 years sales of 5,410 properties where buyers paid around £139,979. 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 £137,372 for 8,332 and average amount paid for purchase of approx. 11,500 properties sold in last 7 years comes to about £137,410 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 £83,208, £116,504 for a 2 bedroom house, £164,072 for a 3 bedroom house, £326,359 for a 4 bedroom house and £486,362 for a 5 bedroom house. For a flat similarly the prices varies from £87,690 for a single bedroom to £122,801 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £133,461 and £163,333 for a 4 bedroom flat. To sum up the asking prices for properties in Newport it comes to around average £86,113 for 1 bedroom property, £118,075 for 2 bedroom, £163,731 for 3 bedroom, £325,563 for 4 bedroom and £486,362 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 £386 for 1 bedroom to £489 for 2 bedrooms, £572 for 3 bedrooms, £984 for 4 bedrooms and £1,334 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £389. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £485, £478 for 3 bedroom and £451 for 4 bedroom. You should be generally be expecting around average £388 rent per month for single bedroom property, £487 for 2 bedroom, £569 for 3 bedroom, £977 for 4 bedroom and approximately £1,334 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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