£136,443
This estimated value is based upon the latest sale price for the house of £112,000 on 26 May 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £112,000 | 26 May 2020 |
| £120,000 | 24 Aug 2007 |
| Terraced |
| Freehold |
| Floor Area: 77 sq meters or 828 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 May 2020 the House Price Index for TYNE AND WEAR was 121.5.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 21.824%.Applying this 21.824% change to the original purchase price of £112,000 results in an estimated price of approximately £136,443.
| 26 May 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 148.0 | 21.824 % | £112,000 | £24,443 | £136,443 |
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 | 136.029 % | £152,352 | £264,352 |
| 3 Month Average | 31.807 % | £35,624 | £147,624 |
| 6 Month Average | 33.119 % | £37,093 | £149,093 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Apr 2023 | £146,086 | £145,000 | 118 TWO BALL LONNEN |
| 29 Jul 2022 | £138,047 | £138,234 | 8 LONNEN AVENUE |
| 19 Jan 2022 | £141,501 | £135,000 | 8 DAHLIA PLACE |
| 12 Nov 2021 | £145,415 | £135,000 | 37 LONNEN AVENUE |
| 10 Sep 2021 | £115,373 | £107,500 | 74 TWO BALL LONNEN |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 4 Dec 2013. Using an estimated price of £136,443 means this house is valued at £1,771 per sq meter (£164 per sq foot).
The average size of a house on NEWMINSTER ROAD is 106 sq meters (1,144 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Other crime | Investigation complete; no suspect identified | On or near Lonnen Avenue |
| Feb 2024 | Robbery | Investigation complete; no suspect identified | On or near Lonnen Avenue |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Aster Place |
| Apr 2024 | Other crime | Under investigation | On or near Aster Place |
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Aster Place |