£229,901
This estimated value is based upon the latest sale price for the house of £185,000 on 14 Dec 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £185,000 | 14 Dec 2018 |
| Semi-Detached |
| Freehold |
| Floor Area: 107 sq meters or 1,151 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 2018 the House Price Index for TYNE AND WEAR was 120.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.271%.Applying this 24.271% change to the original purchase price of £185,000 results in an estimated price of approximately £229,901.
| 14 Dec 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 149.7 | 24.271 % | £185,000 | £44,901 | £229,901 |
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 | 101.583 % | £187,928 | £372,928 |
| 3 Month Average | 24.402 % | £45,144 | £230,144 |
| 6 Month Average | 34.647 % | £64,097 | £249,097 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Jun 2023 | £69,391 | £68,000 | 4A CEDAR ROAD |
| 19 Jul 2022 | £146,670 | £145,200 | 9 CEDAR ROAD |
| 18 Mar 2022 | £284,472 | £272,500 | 21 NEWMINSTER ROAD |
| 4 Mar 2022 | £323,619 | £310,000 | 14 TWO BALL LONNEN |
| 26 Nov 2021 | £339,930 | £312,000 | 39 TWO BALL LONNEN |
This house has a floor area of 107 sq meters or 1,151 sq feet when measured on 24 Aug 2018. Using an estimated price of £229,901 means this house is valued at £2,148 per sq meter (£199 per sq foot).
The average size of a house on TWO BALL LONNEN is 89 sq meters (958 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Vehicle crime | Under investigation | On or near Lemington Gardens |
| Jul 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Supermarket |
| Jul 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Supermarket |
| Jul 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Supermarket |
| Jul 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Supermarket |