Industrial rates in Newport run from £105 per square metreThe value per square metre used to build up a property's Rateable Value. Comparing your £/m² rate to similar nearby properties is the main way to check whether your RV looks too high. on Telford Street down to £30 on Star Trading Estate, against a city median of £50. The median industrial property is assessed at £9,500. 59% of industrial properties here are assessed below £12,000. In Wales, Small Business Rates Relief removes the bill up to a rateable valueThe official estimate of a property's annual rental value on a fixed valuation date. Your rates bill is based on this figure, not on what you actually pay in rent. of £6,000 and tapers to nothing at £12,000, on up to two properties per business in each council — so a property in that band can pay a reduced bill, or none at all below £6,000.
How an industrial property is valued
Factories, workshops and industrial units are valued on floor area. The Valuation OfficeThe government body that sets every property's Rateable Value. From April 2026 the VOA is part of HMRC (see below), but 'VOA' is still the common name for the valuation side of the work. measures the gross internal area — everything inside the external walls, including internal walls, stairs and mezzanine floors — and applies a rate per square metre for that kind of unit in that location. Offices, mezzanines and stores inside the building often carry their own rates, and yards and land used with the building are added on top.
Size matters more here than in any other sector. On the same estate, a small starter unit usually carries a higher rate per square metre than a large one, because small units let for more per metre. So the fair comparison is with units of a similar size, age and specification nearby — not with the estate as a whole.
"General Industrial" is the Valuation Office's own sub-sector. Nationally about nine in ten of its properties are factories, workshops and warehouses (SCat'Special Category' code — a short code the VOA uses to classify what type of property something is (e.g. shop, restaurant, office), used to find fair comparables. 096); the rest are business units, vehicle repair workshops, builders merchants and a few large single-purpose works. Large distribution warehouses are a separate category and are not included, and nor are self-storage lockers.
Top industrial locations in Newport
A location here is a street or estate within one postcode district, because that is closer to how the rate is actually set than a street name is. Newport has 25 locations carrying ten or more industrial properties, covering 633 of its 1,090 industrial assessments.
| Location | Units | Median RV | £/m² GIA | Range | Below £12,000 |
|---|---|---|---|---|---|
| Enterprise Way (NP20) | 53 | £5,200 | £76 | £62–£83 | 91% |
| Telford Street (NP19) | 46 | £5,600 | £105 | £26–£112 | 91% |
| Corporation Road (NP19) | 45 | £12,500 | £62 | £21–£83 | 47% |
| Felnex Industrial Estate (NP19) | 43 | £11,500 | £75 | £30–£83 | 56% |
| Albany Street (NP20) | 38 | £5,900 | £49 | £26–£75 | 82% |
| Star Trading Estate (NP18) | 36 | £3,600 | £30 | £12–£36 | 97% |
| Queensway Meadows Ind Estate (NP19) | 31 | £34,750 | £76 | £47–£105 | 32% |
| Leeway (NP19) | 30 | £26,625 | £51 | £34–£51 | 0% |
| Mill Parade (NP20) | 27 | £8,100 | £44 | £30–£83 | 74% |
| Langland Way (NP19) | 26 | £12,250 | £85 | £67–£85 | 46% |
| Leeway Court (NP19) | 26 | £9,350 | £70 | £63–£70 | 65% |
| Wern Trading Estate (NP10) | 25 | £35,500 | £52 | £26–£69 | 8% |
| Maesglas Industrial Estate (NP20) | 22 | £20,875 | £69 | £47–£83 | 9% |
| Usk Way (NP20) | 21 | £11,000 | £44 | £28–£76 | 57% |
| Kelvedon Street (NP19) | 20 | £3,750 | £49 | £36–£54 | 85% |
| Queensway Meadows Industrial Estate (NP19) | 20 | £36,375 | £57 | £47–£69 | 0% |
| Spytty Road (NP19) | 19 | £25,750 | £76 | £50–£85 | 11% |
| Crawford Street (NP19) | 18 | £6,350 | £47 | £37–£69 | 78% |
| Ponthir Road (NP18) | 16 | £3,750 | £49 | £37–£54 | 88% |
| Alderney Street (NP20) | 15 | £7,200 | £40 | £37–£48 | 93% |
Want to know how your own unit compares with the rest of its estate? Look up any Newport property — it is instant, it is free, and it shows the comparable evidence the Valuation Office holds. For more location and market data, get in touch via the feedback form.
The same estate, different rate
A rate per square metre reflects the unit as much as the street: its size, eaves height, age, loading access and how much of it is office or yard. Telford Street in NP19 carries 46 industrial properties assessed between £26 and £112 per square metre — a 4.3-fold range on one location. An older, lower-specification unit sitting near the top of that range is worth questioning.
Each bar spans the lowest and highest Zone A rate recorded on that pitch. Shared scale, running to £112 per m².
Why an industrial assessment goes wrong
The area is measured wrong
Gross internal area should match the building as it stands today. Mezzanines that have been removed, space that has been split off and let separately, or a survey that predates an alteration all leave the recorded area larger than the space you occupy.
Check the recorded area against a current measured survey.
The rate belongs to a different kind of unit
Enterprise Way carries 53 industrial properties. A rate set by modern, high-eaves units applied to an older, lower building — or a small-unit rate applied to a much larger one — is the commonest error in this sector.
Compare your rate with units of a similar size and age nearby.
Specification allowances are missing
Low eaves, poor loading access, no heating, an awkward shape or limited yard space all reduce value, and all are easy for a mass valuation to miss.
List what the building lacks, not only what it has.
Space is empty or unusable
Industrial property left empty attracts empty property relief for a period, and space that cannot be occupied at all may come out of the assessment. Neither happens automatically.
Tell the council about empty space; tell the VOA about unusable space.
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Sources
General information, not financial or legal advice. Independent service — not endorsed by the VOA or HMRC. Official rateable values and formal decisions come only from the VOA/HMRC. England and Wales.