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Newent House Prices Newent House Prices

The average house price in Newent is £291,569 using HM Land Registry data.

The average property price increased by £75,759 (31.3%) over the last 5 years and increased by £15,142 (5%) over the last 12 months.

Over the last year, there were 83 residential property sales – a decrease of 63 transactions (-75.90%) relative to the previous year. The majority of house sales (29) were in the £228,000 - £276,000 range. Then came properties in the £180,000 - £228,000 range, where 12 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 51 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,756 (-2%).

In April 2024, there were 22 new estate agency instructions, 11 agreed home sales and 6 property price reductions.

Postcodes Covered: GL18

5-Year Average Property Prices in Newent

31.3%

Property prices in Newent increased by 31.3% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Newent Over the Last Year

5%

Property prices in Newent increased by 5% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for Newent - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date).Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Newent

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Newent

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Newent

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Newent since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Newent area since 1995.

Recent Property Sales in Newent

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
2 Coopers Way, Newent, Gloucestershire, GL18 1TJ£355,000£355,000£0018 Sep 202301 Mar 2024165 Days
7 Friars Walk, Newent, Gloucestershire, GL18 1TG£349,950£345,000-£4,95026 Oct 202313 Feb 2024110 Days
25 Brookside, Newent, Gloucestershire, GL18 1RB£415,000£410,000-£5,00025 Jul 202326 Jan 2024185 Days
46 Lakeside, Newent, Gloucestershire, GL18 1SZ£550,000£545,446-£4,55410 Oct 202326 Jan 2024108 Days
41 Court Road, Newent, Gloucestershire, GL18 1SY£372,500£365,000-£7,50023 Aug 202319 Jan 2024149 Days
49 Johnstone Road, Newent, Gloucestershire, GL18 1PZ£250,000£250,000£0031 Aug 202320 Dec 2023111 Days
6 Croft Road, Newent, Gloucestershire, GL18 1SW£325,000£325,000£0017 Jul 202320 Dec 2023156 Days
27 Brookside, Newent, Gloucestershire, GL18 1RB£399,950£399,950£0017 Aug 202327 Oct 202371 Days
17 Court Road, Newent, Gloucestershire, GL18 1SN£285,000£275,000-£10,00014 Mar 202329 Sep 2023199 Days
3 Friars Walk, Newent, Gloucestershire, GL18 1TG£345,000£340,000-£5,00009 Jan 202315 Sep 2023249 Days
43 Culver Street, Newent, Gloucestershire, GL18 1DB£275,000£270,000-£5,00007 Dec 202215 Sep 2023282 Days
33 Winfield, Newent, Gloucestershire, GL18 1QB£239,950£230,000-£9,95020 Jun 202314 Sep 202386 Days
9 The Butts, Newent, Gloucestershire, GL18 1SH£250,000£228,000-£22,00003 Mar 202307 Sep 2023188 Days
13 Cleeve Rise, Newent, Gloucestershire, GL18 1BZ£299,950£275,000-£24,95020 Apr 202329 Aug 2023131 Days
High Bank, Gloucester Street, Newent, Gloucestershire, GL18 1AF£625,000£600,000-£25,00031 Jan 202325 Aug 2023206 Days
16 The Butts, Newent, Gloucestershire, GL18 1SH£272,500£272,500£0027 Apr 202314 Aug 2023109 Days
6 Cleeve Rise, Newent, Gloucestershire, GL18 1BZ£275,000£256,500-£18,50011 Apr 202314 Aug 2023125 Days
9 Knights Crescent, Newent, Gloucestershire, GL18 1QN£277,500£275,000-£2,50001 Jun 202311 Aug 202371 Days
2 Lakeside, Newent, Gloucestershire, GL18 1SZ£299,950£299,950£0008 Jun 202311 Aug 202364 Days
11 Bradfords Close, Newent, Gloucestershire, GL18 1QW£225,000£222,000-£3,00001 Oct 202208 Aug 2023311 Days

Most Expensive Streets in Newent

PostcodeStreetAreaAverageNo. of Sales
GL18 1BQGlebe CloseNewent£448,5004
GL18 1BGRoss RoadNewent£442,6663
GL18 1RTValegro AvenueNewent£414,56714
GL18 1RXSchool ViewNewent£402,61610
GL18 1RUMantley GroveNewent£383,1838
GL18 1UGHudson WalkNewent£378,24610
GL18 1SDHorsefair CloseNewent£378,1858
GL18 1AYHigh StreetNewent£375,3754
GL18 1SZLakesideNewent£356,06813
GL18 1RBBrooksideNewent£352,1347

Least Expensive Streets in Newent

PostcodeStreetAreaAverageNo. of Sales
GL18 1TBAyland CloseNewent£121,6663
GL18 1EUStokes MewsNewent£127,4754
GL18 1TYDaffodil CourtNewent£130,85010
GL18 1TPPerry CloseNewent£167,5647
GL18 1AAChurch StreetNewent£173,0004
GL18 1SQThe CroftsNewent£178,9938
GL18 1SPFoley RoadNewent£179,0003
GL18 1STFoley RoadNewent£186,0008
GL18 1TNReevers RoadNewent£186,6586
GL18 1SJThe ButtsNewent£193,9833

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