£354,552
This estimated value is based upon the latest sale price for the house of £328,500 on 10 Dec 2021. 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
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| Price Paid | Date |
|---|---|
| £328,500 | 10 Dec 2021 |
| £200,000 | 21 Dec 2016 |
| £238,000 | 20 Apr 2007 |
| Terraced |
| Freehold |
| Floor Area: 108 sq meters or 1,162 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 December 2021 the House Price Index for TYNE AND WEAR was 138.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 7.931%.Applying this 7.931% change to the original purchase price of £328,500 results in an estimated price of approximately £354,552.
| 10 Dec 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.7 | 149.7 | 7.931 % | £328,500 | £26,052 | £354,552 |
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 | 6.287 % | £20,653 | £349,153 |
| 3 Month Average | -10.347 % | £-33,989 | £294,510 |
| 6 Month Average | -1.549 % | £-5,088 | £323,411 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Dec 2023 | £433,315 | £420,000 | 1 NEWLANDS ROAD |
| 25 Sep 2023 | £228,027 | £223,000 | 86 LODORE ROAD |
| 18 Jan 2023 | £438,171 | £437,000 | 11 ILFORD ROAD |
| 17 Oct 2022 | £219,268 | £220,000 | 9 NEWLANDS ROAD |
| 27 Jul 2022 | £439,403 | £435,000 | 93 LODORE ROAD |
This house has a floor area of 108 sq meters or 1,162 sq feet when measured on 10 Sep 2018. Using an estimated price of £354,553 means this house is valued at £3,282 per sq meter (£304 per sq foot).
The average size of a house on LODORE ROAD is 122 sq meters (1,313 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 |