£205,142
This estimated value is based upon the latest sale price for the house of £168,000 on 7 Aug 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 |
|---|---|
| £168,000 | 7 Aug 2018 |
| £147,400 | 24 Jan 2012 |
| £150,000 | 14 Oct 2005 |
| £70,000 | 18 Apr 2001 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 67 sq meters or 721 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 August 2018 the House Price Index for TYNE AND WEAR was 120.1.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 22.109%.Applying this 22.109% change to the original purchase price of £168,000 results in an estimated price of approximately £205,142.
| 7 Aug 2018 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.1 | 146.7 | 22.109 % | £168,000 | £37,142 | £205,142 |
The Postcode Pricing Model uses changes in average sales price within the NE2 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 | -45.448 % | £-76,352 | £91,647 |
| 3 Month Average | -14.200 % | £-23,856 | £144,143 |
| 6 Month Average | 7.984 % | £13,412 | £181,412 |
This house has a floor area of 67 sq meters or 721 sq feet when measured on 14 Sep 2018.
The average size of a house on NEWLANDS ROAD is 88 sq meters (950 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Under investigation | On or near Newlands Road |
| Mar 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Newlands Road |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Newlands Road |
| Mar 2024 | Anti-social behaviour | On or near Moorfield |