Newport

Area Guide For Newport

Newport is a cathedral and college/univeristy city and unitary power zone in south east Wales. It is found on the River Usk near to its conversion with the Severn estuary, give or take 12 miles northeast of Cardiff. At the 2011 registration it is the third biggest city in Wales, with a city populace of 145,736, and a urban populace of 306,844. The city structures piece of the Cardiff-Newport metropolitan range with a populace of 1,097,000. 

It is the biggest urban zone inside the noteworthy district limits of Monmouthshire and the saved region of Gwent. The City of Newport, which incorporates some encompassing country ranges and the developed zone, is administered by Newport City Council.

 
 

Newport Map

Estimated Price: £312,066
Average Asking Price: £214,853
Price change in last one year: £16,169
Average Price Paid: £274,256
Average Rent Rates: £722

 
 

Property Prices Breakdown in Newport

Average Price for property in Newport is around £312,066 which varies based on type of property you are interested in and ranges from £365,498 for detached house to around £255,989 for semi-detached. Similarly terraced house is around £221,088 and a flat is worth £232,277. Values have been changing and have risen £1,002 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,388 in last 6 months, £16,169 in last 1 year, £24,638 in last 2 years, £31,130 in last 3 years, £25,082 in last 4 years and £23,421 in last 5 years.

Currently average asking price of a property in Newport is around £214,853 based on approximately 25 properties for sale. Same is the case with rental options based on 2,501 properties up for rent, average asking rent is around £722 per month.

Estimated property value in Newport is £312,066. Average asking price is £214,853 while average price paid is £276,478 which is up by £16,169 and Avg. asking rent £722.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 £276,478 based on approximately 25 sales in Newport area alone. If you compare it to last 3 years sales of 88 properties where buyers paid around £278,433. 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 £274,256 for 131 and average amount paid for purchase of approx. 177 properties sold in last 7 years comes to about £282,164 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 £124,779, £123,979 for a 2 bedroom house, £166,162 for a 3 bedroom house, £279,861 for a 4 bedroom house and £389,185 for a 5 bedroom house. For a flat similarly the prices varies from £115,565 for a single bedroom to £163,705 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £193,144, £185,817 for a 4 bedroom flat and £169,000 for a 5 bedroom flat. To sum up the asking prices for properties in Newport it comes to around average £118,505 for 1 bedroom property, £132,529 for 2 bedroom, £166,478 for 3 bedroom, £279,596 for 4 bedroom and £388,836 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 £459 for 1 bedroom to £495 for 2 bedrooms, £534 for 3 bedrooms, £728 for 4 bedrooms and £743 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £445. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £585, £641 for 3 bedroom, £614 for 4 bedroom and around £273 for 5 bedroom flat. You should be generally be expecting around average £449 rent per month for single bedroom property, £535 for 2 bedroom, £544 for 3 bedroom, £717 for 4 bedroom and approximately £741 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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