1, Tram Road
1, Tram Road
Description & Estimates
1, Tram Road, Newport is recorded publicly as a period freehold house across 753 ft2 of internal area, sitting on a 466 m2 plot.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 1, Tram Road, Newport is £314,065 and its rental estimate is £1,593 per month, given the available information and assuming reasonable condition.
Tram Road, Caerleon, Newport, NP18 falls within the NP18 postal district.
Our Data Sources
1, Tram Road, Newport has 51 entries in the Land Registry , most recently in January 2024 and a single entry in the EPC database dated February 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium 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, Tram Road, Newport, we estimate a market value of £329,768 and a rental value of £1,673 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £292,081 and £1,482 per month respectively.
Recent Market Change
Over the last year, 1, Tram Road, Newport has seen its estimated sale value climb by £6,277 (2.0%) and its estimated rental value rise by £49 per month (3.1%). This results in an estimated gross rental yield of 6.1%.
Plot Size
HM Land Registry records the plot of land for 1, Tram Road, Newport as measuring 466 m2.
That makes it the 3rd largest plot in the postcode, where 5 of the 6 other houses have recorded plot data.
Energy Efficiency
1, Tram Road, Newport has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 24 Feb 2022.
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, Tram Road, Newport completed on 25th January 2024 at £243,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold 5 times.
Values of comparable properties have risen by 3.9% over the period since January 2024.
- Sold Jan 2024£243,000
- Sold Aug 2023£383,500
- Sold Sep 2016£250,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 1, Tram Road, Newport have sold within a radius of 1.1 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 26th January 2024, was 32, Broadwalk, Newport, NP18 1NQ, a freehold house which sold for £201,000.
Read more about house prices in NP18.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 6 addresses on Tram Road, Caerleon, Newport, NP18, 1, Tram Road, Newport comes out as the 6th largest and the 6th most expensive in our analysis of the public data.
It is also £32k less expensive than the average property across the NP18 district.
More reading links
Schools Nearby
Public Transport Nearby
From 1, Tram Road, Newport, the nearest station is Newport (South Wales), 4.1 kilometres away.
- 4.1kmNewport (South Wales)
- 6.4kmCwmbran
- 7.0kmPye Corner
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
