£375,499
This estimated value is based upon the latest sale price for the house of £242,500 on 23 Jun 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £242,500 | 23 Jun 2014 |
| £221,050 | 25 Nov 2005 |
| Detached |
| 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 June 2014 the House Price Index for TYNE AND WEAR was 96.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 54.845%.Applying this 54.845% change to the original purchase price of £242,500 results in an estimated price of approximately £375,499.
| 23 Jun 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 96.7 | 149.7 | 54.845 % | £242,500 | £132,999 | £375,499 |
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 | -8.461 % | £-20,517 | £221,982 |
| 3 Month Average | 44.437 % | £107,760 | £350,260 |
| 6 Month Average | 51.948 % | £125,975 | £368,475 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Jun 2024 | £291,000 | £291,000 | 68 NEWMINSTER ROAD |
| 11 Aug 2023 | £287,689 | £282,500 | 31 GRANGE ROAD |
| 27 Apr 2023 | £264,956 | £260,000 | 94 NEWMINSTER ROAD |
| 25 Mar 2022 | £262,027 | £251,000 | 52A GRANGE ROAD |
| 18 Mar 2022 | £284,472 | £272,500 | 21 NEWMINSTER ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Other theft | Investigation complete; no suspect identified | On or near Grange Road |
| Sep 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Newminster Road |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Hindley Gardens |
| Oct 2024 | Public order | Awaiting court outcome | On or near Supermarket |
| Oct 2024 | Other theft | Under investigation | On or near Supermarket |