£248,329
This estimated value is based upon the latest sale price for the house of £105,000 on 22 Apr 2003. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £105,000 | 22 Apr 2003 |
| £66,000 | 16 Oct 2000 |
| Terraced |
| Leasehold |
| Floor Area: 116 sq meters or 1,248 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 April 2003 the House Price Index for TYNE AND WEAR was 62.0.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 136.505%.Applying this 136.505% change to the original purchase price of £105,000 results in an estimated price of approximately £248,329.
| 22 Apr 2003 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 62.0 | 146.7 | 136.505 % | £105,000 | £143,329 | £248,329 |
The Postcode Pricing Model uses changes in average sales price within the NE15 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 | 70.942 % | £74,488 | £179,488 |
| 3 Month Average | 113.323 % | £118,988 | £223,988 |
| 6 Month Average | 142.306 % | £149,421 | £254,421 |
This house has a floor area of 116 sq meters or 1,248 sq feet when measured on 29 Jul 2013.
The average size of a house on NEWARTH CLOSE is 141 sq meters (1,524 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Neptune Road |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Marsham Close |
| Mar 2024 | Drugs | Under investigation | On or near Woodlands Road |
| Mar 2024 | Other theft | Under investigation | On or near Woodlands Road |
| Feb 2024 | Burglary | Under investigation | On or near Woodlands Road |