£139,399
This estimated value is based upon the latest sale price for the house of £108,000 on 30 Jun 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£108,000 | 30 Jun 2017 |
£114,950 | 15 Nov 2006 |
£21,000 | 3 Feb 2003 |
Semi-Detached |
Freehold |
Floor Area: 71 sq meters or 764 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 June 2017 the House Price Index for TYNE AND WEAR was 116.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 29.074%.Applying this 29.074% change to the original purchase price of £108,000 results in an estimated price of approximately £139,399.
30 Jun 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
116.0 | 149.7 | 29.074 % | £108,000 | £31,399 | £139,399 |
The Postcode Pricing Model uses changes in average sales price within the NE4 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 | 55.097 % | £59,505 | £167,505 |
3 Month Average | 30.745 % | £33,204 | £141,204 |
6 Month Average | 11.851 % | £12,799 | £120,799 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Sep 2023 | £143,156 | £140,000 | 133 GRANGE ROAD |
6 Apr 2023 | £147,764 | £145,000 | 118 TWO BALL LONNEN |
29 Jul 2022 | £139,633 | £138,234 | 8 LONNEN AVENUE |
19 Jan 2022 | £143,127 | £135,000 | 8 DAHLIA PLACE |
12 Nov 2021 | £147,085 | £135,000 | 37 LONNEN AVENUE |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 29 Jun 2020. Using an estimated price of £139,400 means this house is valued at £1,963 per sq meter (£182 per sq foot).
The average size of a house on NEWMINSTER ROAD is 106 sq meters (1,144 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Lonnen Avenue |
Apr 2024 | Other crime | Investigation complete; no suspect identified | On or near Lonnen Avenue |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Aster Place |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Aster Place |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Aster Place |