£511,250
This estimated value is based upon the latest sale price for the house of £295,000 on 4 Mar 2011. 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 |
---|---|
£295,000 | 4 Mar 2011 |
£275,000 | 6 Dec 2007 |
£240,000 | 2 Aug 2004 |
Terraced |
Freehold |
Floor Area: 104 sq meters or 1,122 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 March 2011 the House Price Index for TYNE AND WEAR was 86.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 73.305%.Applying this 73.305% change to the original purchase price of £295,000 results in an estimated price of approximately £511,250.
4 Mar 2011 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
86.4 | 149.7 | 73.305 % | £295,000 | £216,250 | £511,250 |
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 | 77.940 % | £229,922 | £524,922 |
3 Month Average | 35.744 % | £105,444 | £400,444 |
6 Month Average | 24.252 % | £71,542 | £366,542 |
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 104 sq meters or 1,122 sq feet when measured on 23 Mar 2012. Using an estimated price of £511,251 means this house is valued at £4,903 per sq meter (£455 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 |