£233,332
This estimated value is based upon the latest sale price for the house of £177,500 on 22 Jul 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Tillmouth Gardens
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| Price Paid | Date |
|---|---|
| £177,500 | 22 Jul 2016 |
| Terraced |
| Freehold |
| Floor Area: 118 sq meters or 1,270 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 July 2016 the House Price Index for TYNE AND WEAR was 111.6.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 31.455%.Applying this 31.455% change to the original purchase price of £177,500 results in an estimated price of approximately £233,332.
| 22 Jul 2016 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 146.7 | 31.455 % | £177,500 | £55,832 | £233,332 |
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 | -8.748 % | £-15,527 | £161,972 |
| 3 Month Average | 22.826 % | £40,516 | £218,016 |
| 6 Month Average | 27.457 % | £48,735 | £226,235 |
This house has a floor area of 118 sq meters or 1,270 sq feet when measured on 1 Mar 2016.
The average size of a house on NEWMINSTER ROAD is 106 sq meters (1,144 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Tillmouth Gardens | |
| Mar 2024 | Burglary | Awaiting court outcome | On or near Tillmouth Gardens |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Tillmouth Gardens |
| Jan 2024 | Anti-social behaviour | On or near Tillmouth Gardens | |
| Jan 2024 | Anti-social behaviour | On or near Tillmouth Gardens |