£208,407
This estimated value is based upon the latest sale price for the house of £45,000 on 16 Oct 1998. 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 Newminster Road
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| Price Paid | Date |
|---|---|
| £45,000 | 16 Oct 1998 |
| Terraced |
| Freehold |
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 October 1998 the House Price Index for TYNE AND WEAR was 32.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 363.127%.Applying this 363.127% change to the original purchase price of £45,000 results in an estimated price of approximately £208,407.
| 16 Oct 1998 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 32.1 | 148.6 | 363.127 % | £45,000 | £163,407 | £208,407 |
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 | 309.769 % | £139,396 | £184,396 |
| 3 Month Average | 294.462 % | £132,508 | £177,508 |
| 6 Month Average | 310.404 % | £139,681 | £184,681 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Aug 2023 | £284,993 | £282,500 | 31 GRANGE ROAD |
| 27 Apr 2023 | £262,830 | £260,000 | 94 NEWMINSTER ROAD |
| 18 Mar 2022 | £282,381 | £272,500 | 21 NEWMINSTER ROAD |
| 10 Sep 2021 | £285,562 | £265,000 | 38 NEWMINSTER ROAD |
| 30 Jun 2021 | £249,991 | £233,000 | 9 GRANGE ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Burglary | Under investigation | On or near Newminster Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Newminster Road |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Newminster Road |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Newminster Road |
| Dec 2023 | Anti-social behaviour | On or near Newminster Road |