£227,354
This estimated value is based upon the latest sale price for the house of £41,500 on 9 Aug 1996. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £41,500 | 9 Aug 1996 |
| Terraced |
| Freehold |
| Floor Area: 66 sq meters or 710 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 1996 the House Price Index for TYNE AND WEAR was 26.8.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 447.843%.Applying this 447.843% change to the original purchase price of £41,500 results in an estimated price of approximately £227,354.
| 9 Aug 1996 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.8 | 146.7 | 447.843 % | £41,500 | £185,854 | £227,354 |
The Postcode Pricing Model uses changes in average sales price within the NE6 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 | 307.578 % | £127,644 | £169,144 |
| 3 Month Average | 208.335 % | £86,459 | £127,959 |
| 6 Month Average | 280.166 % | £116,268 | £157,768 |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 20 Dec 2021.
There is one other house on the street which we know the size of, this is 14 NEWINGTON ROAD it is 76.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Newington Road |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Warwick Street |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Warwick Street |