£425,633
This estimated value is based upon the latest sale price for the house of £75,000 on 4 Apr 1996. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Newlands Road
More crime details
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Price Paid | Date |
---|---|
£75,000 | 4 Apr 1996 |
Semi-Detached |
Freehold |
Floor Area: 94 sq meters or 1,011 sq feet |
This model uses changes in the Official Land Registry House Price Index for TYNE AND WEAR to estimate the market value.
When this house was purchased in April 1996 the House Price Index for TYNE AND WEAR was 26.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 467.512%.Applying this 467.512% change to the original purchase price of £75,000 results in an estimated price of approximately £425,633.
4 Apr 1996 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
26.4 | 149.7 | 467.512 % | £75,000 | £350,633 | £425,633 |
The Postcode Pricing Model uses changes in average sales price within the NE2 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
Change % | Change £ | Estimated Price | |
1 Month Average | 615.325 % | £461,493 | £536,493 |
3 Month Average | 378.988 % | £284,241 | £359,241 |
6 Month Average | 371.055 % | £278,291 | £353,291 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
25 Sep 2023 | £228,027 | £223,000 | 86 LODORE ROAD |
29 Aug 2023 | £419,567 | £412,000 | 21 ALBURY ROAD |
18 Jan 2023 | £438,171 | £437,000 | 11 ILFORD ROAD |
8 Sep 2022 | £401,232 | £401,500 | 80 NEWLANDS ROAD |
27 Jul 2022 | £439,403 | £435,000 | 93 LODORE ROAD |
This house has a floor area of 94 sq meters or 1,011 sq feet when measured on 3 Feb 2015. Using an estimated price of £425,634 means this house is valued at £4,528 per sq meter (£420 per sq foot).
The average size of a house on NEWLANDS ROAD is 88 sq meters (950 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Burglary | Under investigation | On or near Newlands Road |
Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Newlands Road |
Apr 2024 | Anti-social behaviour | On or near Ilford Road | |
Apr 2024 | Anti-social behaviour | On or near Ilford Road | |
Apr 2024 | Anti-social behaviour | On or near Ilford Road |