1, Redwood Close
1, Redwood Close
Description & Estimates
1, Redwood Close, Newport is recorded publicly as a modern freehold house across 1,334 ft2 of internal area, sitting on a 315 m2 plot.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 1, Redwood Close, Newport is £398,427 and its rental estimate is £1,339 per month, given the available information and assuming reasonable condition.
Redwood Close, Newport, PO30 falls within the PO30 postal district.
Our Data Sources
1, Redwood Close, Newport has 31 entries in the Land Registry , most recently in December 2018 and a single entry in the EPC database dated January 2015.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 1, Redwood Close, Newport, we estimate a market value of £418,348 and a rental value of £1,406 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £370,537 and £1,245 per month respectively.
Recent Market Change
Over the last year, 1, Redwood Close, Newport has seen its estimated sale value decrease by £15,363 (3.9%) and its estimated rental value grow by £46 per month (3.5%). This results in an estimated gross rental yield of 4.0%.
Plot Size
HM Land Registry records the plot of land for 1, Redwood Close, Newport as measuring 315 m2.
That makes it the 5th largest plot in the postcode, where all 9 other houses have recorded plot data.
Energy Efficiency
1, Redwood Close, Newport has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 06 Jan 2015.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 1, Redwood Close, Newport completed on 17th December 2018 at £310,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold 3 times.
Values of comparable properties have risen by 16.6% over the period since December 2018.
- Sold Dec 2018£310,000
- Sold Sep 2004£280,000
- Sold Dec 2001£151,950
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 1, Redwood Close, Newport have sold within a radius of 810 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 18th April 2024, was 3, Redwood Close, Newport, PO30 5RT, a freehold house which sold for £420,000.
Read more about house prices in PO30.
- Sold Apr 2024£420,000 | 4 Bed House3, Redwood Close, Newport, PO30 5RT3, Redwood Close, Newport, PO30 5RT
- Sold Mar 2021£385,000 | 4 Bed House52, Mountbatten Drive, Newport, PO30 5SJ52, Mountbatten Drive, Newport, PO30 5SJ
- Sold Sep 2017£280,000 | 4 Bed House2, Redwood Close, Newport, PO30 5RT2, Redwood Close, Newport, PO30 5RT
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 9 addresses on Redwood Close, Newport, PO30, 1, Redwood Close, Newport comes out as the 3rd largest and the 3rd most expensive in our analysis of the public data.
It is also £136k more expensive than the average property across the PO30 district.
More reading links
Schools Nearby
- 600mNewport Church of England Aided Primary School
- 700mCarisbrooke Church of England Controlled Primary School
- 900mSt Thomas of Canterbury Catholic Primary School
- 400mCarisbrooke College
- 700mChrist The King College
- 2.5kmMedina College
More reading links
Public Transport Nearby
From 1, Redwood Close, Newport, the nearest station is Smallbrook Junction, 11.2 kilometres away.
- 11.2kmSmallbrook Junction
- 11.3kmRyde St Johns Road
- 11.4kmRyde Esplanade
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
