£120,004
This estimated value is based upon the latest sale price for the house of £70,000 on 23 Jun 2006. 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 Flour Mill Road
More crime details
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| Price Paid | Date |
|---|---|
| £70,000 | 23 Jun 2006 |
| Terraced |
| Freehold |
| Floor Area: 61 sq meters or 656 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 June 2006 the House Price Index for TYNE AND WEAR was 85.6.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 71.436%.Applying this 71.436% change to the original purchase price of £70,000 results in an estimated price of approximately £120,004.
| 23 Jun 2006 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 85.6 | 146.7 | 71.436 % | £70,000 | £50,004 | £120,004 |
The Postcode Pricing Model uses changes in average sales price within the NE11 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 | 34.567 % | £24,197 | £94,197 |
| 3 Month Average | 21.608 % | £15,125 | £85,125 |
| 6 Month Average | 45.609 % | £31,926 | £101,926 |
This house has a floor area of 61 sq meters or 656 sq feet when measured on 21 Nov 2014.
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Flour Mill Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Newton Street |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Newton Street |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Newton Street |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Newton Street |