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.