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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
2 Spring Hill, Newport appears in the public record as a freehold house sitting on a 637 m2 plot.
By comparing it to nearby properties, we estimate it to be a period house with 2,791 ft2 of internal area and a garden.
Locally, houses of this size normally have 5 bedrooms.
Our estimate of the sale value of 2 Spring Hill, Newport is £804,933 and its rental estimate is £2,733 per month, given the available information and assuming reasonable condition.
Parrog Road, Newport, SA42 falls within the SA42 postal district.
2 Spring Hill, Newport has 21 entries in the Land Registry , most recently in January 2017 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
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 2 Spring Hill, Newport, we estimate a market value of £845,179 and a rental value of £2,870 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £748,587 and £2,542 per month respectively.
Over the last year, 2 Spring Hill, Newport has seen its estimated sale value drop by £13,405 (1.7%) and its estimated rental value rise by £55 per month (2.0%). This results in an estimated gross rental yield of 4.1%.
HM Land Registry records the plot of land for 2 Spring Hill, Newport as measuring 637 m2.
The most recent sale of 2 Spring Hill, Newport completed on 4th January 2017 at £625,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 6.2% over the period since January 2017.
Over the past 2 years 3 properties similar to 2 Spring Hill, Newport have sold within a radius of 7.9 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 31st March 2020, was Tal Y Wern, Newport, SA42 0RP, a freehold house which sold for £650,000.
Read more about house prices in SA42.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 48 addresses on Parrog Road, Newport, SA42, 2 Spring Hill, Newport comes out as the 2nd largest and the 3rd most expensive in our analysis of the public data.
It is also £507k more expensive than the average property across the SA42 district.
From 2 Spring Hill, Newport, the nearest station is Fishguard Harbour, 10.2 kilometres away.
The flood risk here is rated very low, based on Environment Agency data.
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The recent census recorded whether a resident owned or rented their home.
In the area around 2 Spring Hill, Newport, 42.9% of property is socially rented and 33.8% is privately owned outright.
The graph below shows how this compares to Wales and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 2 Spring Hill, Newport, 22.9% of residents are recorded as possessing school level qualifications and 24.0% as possessing degree level qualifications.
The graph below shows how this compares to Wales and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 2 Spring Hill, Newport, the average age was 47.5 and the most common age was 67.
The graph below shows how this compares to Wales and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 2 Spring Hill, Newport, 0.3% of property was a second home.
Comparison figures for Wales and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 2 Spring Hill, Newport, there are an average of 1.2 cars per household.
See below for how this compares to Wales and the rest of England & Wales.
